Follow CGSP on Social Media

Listen to the CGSP Podcast

China Boosted Pandemic-Era Debt Relief: Report

Source: World Bank IDS 2022 and IMF (for Angola). Note: “All China’’ includes both “bilateral” and “private” Chinese creditors. For seven debtor countries participating in only one year, the calculation includes only the participating year. The China data includes debt reprofiling by CDB and ICBC in Angola. The calculation does not include cash-flow relief provided by the IMF through the CCRT fund. “Debt service due” represents the pre-DSSI debt service originally due in 2020 and 2021.

China’s role in debt renegotiation processes has become very controversial, with U.S. officials like Treasury Secretary Janet Yellen singling Beijing out as a “barrier” to resolving debt distress.

However, a new report by a team of prominent Africa-China researchers argues that China conducted itself quite well under the G20’s Debt Service Suspension Initiative (DSSI), a pandemic-era debt relief mechanism that fed into the current debt relief process.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.