Sept. 10, 2021
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.
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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"
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