Chinese lenders have extended US$7.6 billion in pandemic debt relief, mainly to Africa

Source: South China Morning PostChinese lenders have provided at least US$7.6 billion in debt relief to countries, mainly African nations, struggling during the coronavirus pandemic, according to a new data analysis.It found that most of that relief – about US$6.2 billion – went to Angola and was provided by the China Development Bank (CDB) and Industrial and Commercial Bank of China (ICBC). Angola has received about a third of all the loans advanced by China to African nations in the past two decades.The analysis was carried…Read More

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