Yufan Huang

Yufan Huang, a pre-doctoral fellow at the China-Africa Research Initiative, shares his insights on Kenya's recent debt swap with China. He explains how Kenya converted $3.5 billion in high-interest U.S. dollar loans to more favorable yuan loans and the potential $215 million savings. However, Yufan warns that these savings could be illusory due to currency risks, including yuan appreciation. He also discusses the implications for other countries like Ethiopia and Indonesia, shedding light on China's evolving debt relief strategies.