SAIS China Africa Research Initiative

Deborah Brautigam and Yufan Huang provide the first in-depth evaluation of China’s participation in a major multilateral experiment in sovereign debt management: the G20’s COVID-19 Debt Service Suspension Initiative (DSSI). Through analysis of available data, more than 100 interviews, and fieldwork in Angola, Kenya, and Zambia, we argue, with some caveats, that the DSSI was a success. First, it succeeded in providing a pathway for China, the world’s largest bilateral creditor, to negotiate debt

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Deborah Brautigam and Yufan Huang provide the first in-depth evaluation of China’s participation in a major multilateral experiment in sovereign debt management: the G20’s COVID-19 Debt Service Suspension Initiative (DSSI). Through analysis of available data, more than 100 interviews, and fieldwork in Angola, Kenya, and Zambia, we argue, with some caveats, that the DSSI was a success. First, it succeeded in providing a pathway for China, the world’s largest bilateral creditor, to negotiate debt

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