IfW in the News

Africa Starts to Have Second Thoughts About That Chinese Money

22.07.2020

Excerpt from the Article

... While loans by private investors from around the world still make up more than half of Africa’s external public debt, Germany’s Kiel Institute for the World Economy says China has lent more than the International Monetary Fund, the World Bank, and the Club of Paris, a group of wealthy countries, combined. (...)

“We’ll see a wave of defaults,” says Christoph Trebesch, an author of the Kiel study. “It’s just a question of whether it will be a huge wave or a small wave.” ...

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