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Chinese Concessional Loans Part 2 -- Pacific Indebtedness

CollectionsDPA Discussion Papers
Title: Chinese Concessional Loans Part 2 -- Pacific Indebtedness
Author(s): Zhang, Denghua
Date published: 2018
Publisher: Canberra, ACT: Dept. of Pacific Affairs, Research School of Pacific and Asian Studies, The Australian National University
Series/Report no.: Discussion Paper (The Australian National University, Dept. of Pacific Affairs)
Description: 
This In Brief is the second of a two-part series on Chinese concessional loans. The first paper discusses the nature of the loan schemes and three common misperceptions. This paper focuses on two aspects: (1) the possibility of debt-for-equity deals in the Pacific; and (2) what happens if Pacific states default on repayments. It aims to enrich the debates by adding a Chinese perspective. The research notes that currently China is not a main lender to Pacific Island countries (PICs) and argues that loan forgiveness is extremely difficult and extension is more practical.
URI: http://hdl.handle.net/1885/154727
ISSN: 2205-7404

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