A report by Rhodium Group, on Thursday (June 29) showed that the value of Chinese debt relief dropped by more than 50 per cent between 2021 and 2022. This comes as Beijing, the worlds largest bilateral creditor, has recently backed more multilateral efforts to standardise support for poor nations.
The report about Chinese debt relief
According to the report, new sovereign debt negotiations and zero-interest loan write-offs which involved Chinese creditors totalled $9 billion in 2022, which is a decline from the previous years $19 billion.
Notably, 2021 also witnessed a large volume of deferrals by Beijing during the final year of the Debt Service Suspension Initiative (DSSI), which China decided to participate in at the beginning …
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