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AFRICA CHINA

Macron and Biden want to force China to play ball on African debt

On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives.
On December 30, 2020, French President Emmanuel Macron took part in a videoconference bringing together his Chinese counterpart Xi Jinping and European representatives. © Sébastien Nogier/ Pool/EFE/Newscom/MaxPPP
Following the explosion in African countries' public debt caused by Covid, the European Union and the United States want to force China to take part in the collective rescheduling process organised by the G20 and the Paris Club. So far, however, China has given preference to bilateral negotiations with its African debtors, upsetting other creditor countries and causing confusion within the international financial institutions. [...] (956 words)
Issue dated 19/01/2021 Reading time 4 minutes

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