Africa: China Can Help Africa Manage Its Debt Risks

For more than 10 years many African countries have borrowed intensely from the international capital market amid the continent's continued economic growth. However, some African countries' debt loads are worsening and signs of a debt crisis have emerged, due to a decline in major commodity prices, the sluggish eurozone economy and China's economic slowdown. Meanwhile, African countries are set to seek more development funds to achieve the UN's sustainable goals and the African Union's Agenda 2063.

For this reason, Sino-African cooperation shouldn't merely meet African development needs, but should help Africa contain debt sustainability risks. Deeper ties between China and Africa can be forged accordingly and China would have greater clout in global economic governance.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.