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- In April 2020, China joined the G20 in launching the (DSSI) to respond to debt and economic distress expected from the COVID-19 pandemic. The G20 effort allowed low-income countries that are not in arrears with the World Bank or IMF to apply for a suspension of interest and principal payments on their official bilateral external debt.www.sais-cari.org/debt-relief
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China’s Debt Relief Position Is Actually Reasonable
WEBFeb 22, 2023 · China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing.
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WEBJan 29, 2021 · The DSSI allows 73 lower-income borrower countries to reduce their bilateral debt payments during the COVID-19 crisis. Afterward, the G-20’s common framework will allow DSSI-eligible countries to apply …
China’s loans pushing world’s poorest countries to brink of collapse
China has waived the debt of some African countries.
WEBAug 31, 2022 · Outstanding balances on loans mostly extended by China’s Ministry of Commerce (or, less frequently, The Export-Import Bank of China) are thus slated to be cancelled.
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China’s debt relief for Africa: Emerging deliberations
WEBChina’s debt relief for Africa is likely to be a long process of bilateral renegotiations, debt restructuring, and refinancing rather than a rapid, blanket, and comprehensive solution....
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