China's Role in the Burgeoning Debt Challenge in Africa

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Manage episode 301967732 series 1603974
Van The China Africa Project, Eric Olander, and Cobus van Staden, ontdekt door Player FM en onze gemeenschap - copyright toebehorend aan de uitgever, niet aan Player FM. Audio wordt direct van hun servers gestreamd. Klik de abonneren-knop aan om updates op Player FM te volgen of plak de feed URL op andere podcast apps.
The debt situation in Africa is changing very quickly as some countries race to negotiate urgent bailouts with the IMF while others are struggling to service their debts amid the ongoing pandemic. Pretty much every country across the continent is struggling right now. And China is a key player in every part of this story, whether it's as a major player in the G20's Debt Service Suspension Initiative (DSSI) or as the primary bilateral creditor to at least ten countries that are now confronting rising levels of debt distress. Greg Smith, a former World Bank economist who's now an emerging markets fund manager at M&G Investment in London, chronicles Africa's debt challenges in a new book coming out soon that provides critical context to the current financial crisis that's now unfolding in many African countries and the role that China's played over the years. Greg joins Eric & Cobus to talk about his new book and to share his insights on the current debt situation on the continent. JOIN THE DISCUSSION: CAP on Facebook: www.facebook.com/ChinaAfricaProject Twitter: @eolander | @stadenesque | @emsovdebt Amazon: Pre-order a paperback copy of Greg's book "Where Credit is Due: How Africa's Debt Can Be a Benefit, Not a Burden": https://amzn.to/3njR6zR SUBSCRIBE TO THE CHINA AFRICA PROJECT Your subscription supports independent journalism. Subscribers get the following: 1. The world's only curated China-Africa News Feed with thousands of articles archive 2. Exclusive analysis of the day's top stories about China in Africa and the Global South 3. A copy of the popular China-Africa Daily Brief newsletter delivered to your inbox by 6am Washington time M-F Try it free for 30-days and see if you like it. Subscriptions start at just $7 a month for students and teachers and $15 a month for everyone else. Subscribe here: www.chinaafricaproject.com/subscribe

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