African states' private debts three times that owed to China

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LONDON : African countries' debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just over half, according to a report published on Monday amid a debate about the role of the world's largest bilateral creditor.Chinese public and private lenders accounted for

LONDON : African countries' debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just over half, according to a report published on Monday amid a debate about the role of the world's largest bilateral creditor.

China's lending to emerging economies has come more into focus as some countries have got into debt trouble and Western officials have called on China to speed up restructurings. But bondholders and oil traders have also come in for criticism.

Source: Loan Digest (loandigest.net)

 

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