China is not breaking down the door to offer Africa debt relief
After decades of generous lending China tops the creditor list and will have to lead Covid-19 measures too
Johannesburg/Beijing/Washington — Support is growing for debt relief to help the world’s poorest indebted nations — most of them in Africa — confront the economic havoc wreaked by Covid-19. But there is a big question mark: China.
A two-decade lending spree has propelled China to the top of Africa’s creditor list and any comprehensive debt deal, including write-offs, would require Beijing to take a leading role and swallow losses, analysts say...