Country | In Debt Distress | High Risk of Debt Distress | China’s Role in Debt Composition | Other Contributing Factors to Debt Distress |
GROUP 1: CHINESE LOANS SMALL AS SHARE OF DEBT | ||||
Burundi |
| x | Only four small loans | Conflict related economic collapse |
Cape Verde |
| x | Holds less than 2% of debt |
|
Central African Republic |
| x |
| Conflict related economic collapse |
Chad | x |
|
| Collapse in fuel prices, delayed policy response & real depreciation |
Gambia |
| x | No loans as of 2017 |
|
Mauritania |
| x |
| Collapse in fuel prices, delayed policy response & real depreciation |
São Tomé and Principe | x |
|
|
|
South Sudan | x |
|
| Conflict related economic collapse |
GROUP 2: CHINESE LOANS MORE SUBSTANTIAL SHARE OF DEBT | ||||
Cameroon |
| x | Largest single creditor, holds less than 1/3 of total debt |
|
Ethiopia |
| x | US$12.1 billion in loans since 2000 | Also borrowed from the Middle East, World Bank, and others―total debt of US$29 billion |
Ghana |
| x | Less than US$4 billion in loans | Total external debt approximately US$29 billion |
Mozambique | x |
| US$2.3 billion in loans | Total debt over US$10 billion |
Sudan | x |
|
| Debt equally divided between Paris Club and non-Paris Club creditors |
Zimbabwe | x |
| Holds 23% of debt | 77% of debt owed to Paris Club & multilateral creditors |
GROUP 3: CHINESE LOANS MOST SIGNIFICANT CONTRIBUTOR TO DEBT RISK/DISTRESS | ||||
Djibouti |
| x | Holds 77% of debt |
|
Republic of Congo |
|
| We believe Congo holds at least US$7.1 billion in Chinese debt |
|
Zambia |
| x | US$6.4 billion in loans | Debt stock US$8.7 billion at end of 2017 |