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Joined 2 years ago
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Cake day: March 2nd, 2023

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  • The 2022 bloomberg article you cite first state:

    It didn’t provide details on the value of the loans which it said matured at the end of 2021, nor did it state which nations owed the money.

    I couldn’t read much further due to the paywal.

    The Bloomberg article has too few details to make conclusions. We don’t know if AP and Bloomberg articles are referring to the same countries, nor whether it’s a significant portion or that country’s debt toward China.

    The Reuters 2021 article has more details, and cite write-offs, as well as specific countries benefiting from deferrals: Angola, Pakistan, Kenya, the Republic of Congo. It’s good to read there’s some willingness to accomodate some countries.

    Sadly that didn’t prevent Zambia and Sri Lanka from defaulting. China has lended hundred of billion of dollars with unsustainable terms, and this contributed to countries defaulting. That’s a bad situation for everyone involved.