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