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Debt relief for Sub-Saharan Africa: what now?

Author

Listed:
  • Suman Bery

    (Shell’s Chief Economist. Non-resident Fellow, Bruegel (Brussels).)

  • Sybrand Brekelmans

    (Research Assistant, Bruegel)

  • Alicia García-Herrero

    (Senior Research Fellow, Bruegel)

Abstract

When G20 finance heads meet on 18 July, Europe will again need to lead on the group’s flagship COVID-19 initiative to postpone low-income countries’ debt service payments. For the first time, China has agreed to participate as an official creditor alongside members of the Paris Club. However, continuing lack of clarity on which Chinese creditors will participate, coupled with resistance from private sector creditors to voluntary participation, suggest that actual relief will be much less than originally planned.

Suggested Citation

  • Suman Bery & Sybrand Brekelmans & Alicia García-Herrero, 2020. "Debt relief for Sub-Saharan Africa: what now?," HKUST IEMS Working Paper Series 2020-76, HKUST Institute for Emerging Market Studies, revised Aug 2020.
    • Handle: RePEc:hku:wpaper:202076
    as

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    File URL: https://iems.ust.hk/assets/publications/working-papers-2020/iemswp2020-76.pdf
    File Function: First version, 2020
    Download Restriction: no
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    More about this item

    Keywords

    Africa; China; debt; G20; Paris Club;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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