China Seen Joining Debt Relief Effort for Poorest Nations

China may have to clarify scope of its loans, club chair says
African state debt owed to China may have reached $150 billion

Africa owes almost $150 billion, or about 20% of all government external debt to China.Photographer: Waldo Swiegers/Bloomberg

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By Alonso Soto

May 13, 2020 at 6:04 AM UTC

Updated on

May 13, 2020 at 9:29 AM UTC

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The Paris Club is confident China will take part in a global drive to pause debt payments for poor countries that urgently need funds to battle the coronavirus pandemic.