Day: May 19, 2020

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Deborah Brautigam: Don’t Expect China to Cancel Africa’s Debts, They’ll Probably Just Reschedule Them

So long as there's no official word from the Chinese government as to how they specifically plan to address the $150 billion of outstanding debts that African governments owe Bejing, everyone's speculating as to how they'll likely proceed. Professor Deborah Brautigam, ...

African Countries Sign on To Global Inquiry Into COVID-19 Origin

All African countries under the banner "The African Group and its Members States" are now part of a group of 110 countries who signed a World Health Organization draft resolution on Monday that calls for an inquiry into the origin of COVID-19.

Evan Feigenbaum: U.S. Making a Strategic Mistake in Challenging WHO Just as China Announces New COVID-19 Measures

Evan Feigenbaum, vice president of the Carnegie Endowment and a leading foreign affairs commentator in the United States, said the timing of President Donald Trump's threat to permanently defund the World Health Organization just as China is stepping up support for ...

Africa Emerges as a Key Theme in Chinese President Xi Jinping’s Address to World Health Assembly

Chinese support for Africa and other developing regions around the world emerged as a key message point in President Xi Jinping's Monday address to the World Health Assembly (WHA) meeting. The WHA is the World Health Organization's governing forum, made up of health ministers. The president spoke ...

It Looks Increasingly Unlikely Africa Will be Able to Negotiate Package Debt Relief Deals With Either Private Creditors or the Chinese

Hopes for a consolidated African debt relief package from both private creditors and Chinese lenders appear to be fading. On Friday, news came that a coalition, the Africa Private Creditor Working Group or AfricaPCWG, representing 25 large asset managers and institutions had been formed to negotiate with borrowers. 

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

In These Polarized Times, Talking About China is Not Easy

University of London Ph.D. candidate Li Hangwei commiserated on Twitter with Stanford University Political Science Professor Yiqing Xu about the perils of talking about China, both on social media and when conducting research. Both scholars noted how they're stuck in between being pro-CCP "Panda Huggers" ...