The biggest debtor is Pakistan followed by Angola. Other African countries with huge debts to China are: Ethiopia, Kenya, Zambia, Egypt, Nigeria, Cote d’Ivoire, Cameroon, South Africa and Congo republic.
It is not clear how much Zimbabwe owes to China. Some reports say it is as high as US$3 billion but Argentina which is at number 20 owes China US$2.9 billion.
China accounts for nearly US$800 billion of the United States debt of over US$30 trillion. It has been gradually reducing its exposure to the United States with the debt falling from nearly US$860 billion at the beginning of 2023.
(348 VIEWS)
This post was last modified on May 1, 2024 3:26 pm
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…
The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…
