News Snapshot:
Chinese lending to African governments fell to a 16-year low in 2020 as the impact of the coronavirus deterred countries on the continent from borrowing. Lending in 2020 fell 78% from a year earlier to $1.9 billion, the lowest since 2004, according to a report by Boston University Global Development Policy Center. “The Covid-19 pandemic significantly constrained the fiscal discretion of many African borrowers, likely impacting willingness to borrow, and intensified the cautionary lending practices of Chinese lenders in recent years,” said Oyintarelado Moses, a data analyst at the university’s Global China Initiative. While a collapse in economic growth since...
