COVID-19: The Impact on China-Africa Debt

“China is widely regarded as Africa’s largest bilateral creditor. The Chinese government, banks and state-owned enterprises are estimated to hold 17 percent to 24 percent of Africa’s external debt. But African countries also owe money to other governments, to multilaterals, and to the private sector. The latter is estimated to hold 30 percent of Africa’s total external debt, upward of $130 billion.”

via The Diplomat