The value of Chinese debt relief decreased by more than 50 percent between 2021 and 2022, a report from Rhodium Group showed. | Reuters
China deferred an estimated $8.2 billion in payments in 2020 and 2021, but around $5 billion went to Angola alone, with Pakistan receiving approximately $1 billion in deferrals, followed by Kenya and the Republic of Congo, the research organization said.
Rhodium Group’s report found Chinese assistance to “slow both the arrival of IMF funding as well as ultimaterestructuring agreements, and current negotiations are no exceptions,” adding that the pace of negotiations “does not showwas writing off zero-interest loans, the report added, while warning that fewer such loans will be available for China to write off in the coming years.
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