China reclassifies some bi-lateral loans to commercial loans

Monday, 13 February 2023 00:30 - - {{hitsCtrl.values.hits}}

Authorities have published a new version of bi-lateral debt where the previous (Sep investor presentation) total debt was $ 14.1 billion and the latest version is $ 11.2 billion.

Probably close to $ 2.9 billion of Chinese bi-lateral debt would have been reclassified under commercial debt.

The new figures make China weigh less than 50% of the bilateral debt stock allowing more weight to the west to proceed with the restructuring process.

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