Day: August 18, 2020
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Why China’s Cutting Back on Overseas Lending
It's going to be much more difficult for countries in Africa and other developing regions to borrow money from China. New research from Boston University's Global Development Policy Center reveals a sharp drop in overseas lending by the ...
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Zambia’s Default Sparks Renewed Concerns Over High Levels of Chinese Debt in Some African Countries
Zambia's default over the weekend on a portion of its Eurobond debt prompted renewed concerns about the lack of transparency in Chinese lending and whether weak governance systems in a number of African countries are up to the challenge of managing the burgeoning financial crisis.
NGO: The UK, Not China is the Biggest Obstacle To Zambian Debt Relief
The next stage of the Zambian debt default crisis may play out in a London court. NGOs like Oxfam and the Jubilee Debt Campaign contend that because the vast majority of Eurobonds are covered by English law, ...
Candid Perspectives From One of China’s Leading Africa Scholars on Beijing’s Role in the African Debt Crisis
There has so far been a total blackout of any Chinese online discussion, media coverage, and comment from government officials on Zambia's recent debt default. Neither the embassy in Lusaka nor the Ministry of Foreign Affairs in Beijing has commented publicly on the issue. ...
Perceptions & Misperceptions About the African Diaspora in China
The Center for Strategic and International Studies in Washington, D.C. hosted a fascinating webinar this week that explored the complex social issues surrounding Black life in China. CSIS Africa Program Director Judd Devermont together with Georgetown University lecturer Travis Atkins hosted ...
A pedestrian reads a sign at a petrol station in Tacloban City, Leyte province, central Philippines on March 30, 2026. Photo by MARLON TANO / AFP
In response to Iran’s partial closure of the Strait of Hormuz, the United States has begun implementing a counter-blockade—leveraging naval patrols, sanctions enforcement, and selective interdictions to constrain Iranian oil exports and raise the costs of Tehran’s strategy. Rather than restoring stability, however, this tit-for-tat dynamic is accelerating fragmentation in global ...
Africa Debt Relief Update With Bloomberg’s Alonso Soto
Seven months into the worsening African debt crisis and still there's no prospect for any meaningful relief in sight. The situation grows even direr by the day as more countries struggle to pay for rising healthcare costs brought on by the ...
Tempers Flare in Nigerian House Hearing on Chinese Loans
Three weeks of steadily building tensions over Chinese loans to Nigeria erupted in a House committee hearing on Monday. Transportation Minister Rotimi Amaechi and the Chairman of the House Committee on Treaties, Protocols, and Agreements, Nicholas Ossai, confronted one another in a series of ...
With an Eye on China, G7 Finance Ministers Call on G20 Bilateral Creditors to Keep Their Debt Freeze Promises
U.S. Treasury Secretary Steven Mnuchin hosted a teleconference with his fellow finance ministers from the Group of Seven rich countries on Monday and the burgeoning debt crisis in the world's poorest countries was high on the agenda. The finance chiefs called ...
Deborah Brautigam on Whether the Burgeoning U.S.-China Conflict Will Complicate Debt Relief for Africa
Professor Deborah Brautigam, director of the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C. reflected on the "war of words" between the World Bank, led by longstanding China-hawk David Malpass and Beijing. Brautigam explains that the concerns expressed by ...
Kenya’s Health Chief Denies Accusation Jack Ma’s Donated PPE Was Illegally Smuggled to Tanzania
Kenya's Health Cabinet Secretary Mutahi Kagwe came under fire on Monday from members of a parliamentary health committee, who demanded that he respond to allegations that the bulk of PPE donations given by the Jack Ma Foundation in March were illegally smuggled to neighboring ...
China’s Doing More But Spending Less in Africa
China is engaged in more Belt and Road-related projects in Africa but spending far less than it is in the Middle East and South Asia, according to new data from the Washington, D.C.-based consultancy RWR Advisory. In its latest IntelTrak report ...