Eritrea is classified by the African Development Bank as being in debt distress; its debt-to-GDP ratio stood at 164.7 percent in 2022. According to the China Loans to Africa Database, between 2000 and 2018, Asmara took ten loans in different sectors amounting to $631 million. There was no mention of debt relief or restructuring in the recent talks between the two sides. But during a January 2007 visit to Eritrea, Chinese Foreign Minister Li Zhaoxing partially announced the cancellation of Eritrea’s bilateral debt. He also announced that Eritrean exports to China were tariff-free.
https://www.imf.org/external/datamapper ... NQ/SLV/EGY