Day: November 19, 2020

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It’s Time to Up Your China Game

Over the past few weeks, I've had the pleasure to speak with scholars, policymakers, and leaders from three different regions along China's Belt and Road. These have been fascinating discussions that explored China's engagement in these varied parts of the world. ...

Zambia Central Bank Gov: Equal Treatment to Blame for Default

Zambia's Central Bank Governor Christopher Mvunga said the need to treat all of its creditors equally is the reason why the government couldn't repay bondholders a $42.5 million interest payment that was due last Saturday. “One of the conditions is that all creditors have to be treated equally. ...

China’s Top SSA Diplomat Praises Zambia-Exim Bank Deferral Deal, Makes No Mention of Default

China's top diplomat for sub-Saharan Africa, Wu Peng, issued the first comment by any Chinese official on the Zambian debt crisis since the country defaulted on a bond payment last Saturday. Wu noted the China Exim Bank's $110 million debt deferral deal that took ...

Who’s to Blame For Zambia’s Debt Crisis? Don’t Just Point the Finger at China Says Zambian Scholar

Zambian economist Grieve Chelwa took aim at the international financial services industry and governments in the U.S. and Europe in a scathing editorial published today in South Africa's Mail & Guardian newspaper.  He vented his frustration over how the story of ...

Passenger Traffic’s Up on Kenya’s New SGR But Will It Be Enough to Save the Embattled Railway?

Travelers are making their way back to Kenya's Standard Gauge Railways, especially the line between Nairobi and the port city of Mombasa, according to new data published by the Kenya Railways Corporation (KRC). 43,235 people took the Mombasa ...

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 ...

Egypt Returns 31 Ancient Chinese Coins

China's ambassador to Egypt, Liao Liqiang, welcomed the return of 31 ancient coins that were handed over yesterday by the Egyptian government. "The Chinese side sincerely thanks Egypt for protecting and returning cultural property stolen from the country of origin," said Ambassador Liao ...