Africa’s First Pandemic Default Tests New Effort to Ease Debt From China

“A new framework to resolve debt crises in developing countries, meant to ensure that Chinese and private creditors share the burden of providing relief, faces a key test after Zambia became the first African nation to default during the coronavirus pandemic.”

via Wall Street Journal

As Africa Groans Under Debt, It Casts Wary Eye at China

“With Africa’s most poverty-stricken economies pushing for debt relief as they struggle with the fallout from the global coronavirus pandemic, a tussle is brewing between developed nations, private investors and the continent’s largest creditor: China.”

via Wall Street Journal