China and Africa’s debt: Yes to relief, no to blanket forgiveness

“Debt forgiveness is not the only option, and debt forgiveness of concessional and other loans is perhaps a least desired option for China. Given the magnitude of the Chinese loans in Africa, even partial forgiveness will create major financial losses for China, whose economy has also suffered tremendously from the COVID-19-induced domestic economic slowdown and the trade war with the United States.”

via Brookings Institution