China Waives the Debt of Some African Countries. But it’s not About Refinancing

Chinese president Xi Jinping addressing the China-Africa Summit via a video link from Beijing on 17 June 2020. Huang Jingwen/Xinhua via Getty Images Harry Verhoeven, Columbia University In mid-August, China’s Ministry of Foreign Affairs surprised the world with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised extensive debt relief for some of […]