Day: December 11, 2020
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The Bondholders’ View of the African Debt Crisis
The ongoing debt crisis in Zambia and several other African countries is proving to be much more difficult to resolve than in previous years because of the expanded role of both Chinese lenders and bondholders. Both of these creditors have starkly ...
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Critical Zambian Bondholder Vote to Take Place Today
A coalition of Zambian bondholders is expected to cast their votes today (Wednesday) to decide on whether or not to grant the government a six-month repayment holiday on $3 billion of Eurobond notes, according to sources quoted by Bloomberg. Results are scheduled to ...
COVID Vaccine Narrative Battles Intensify Following Pfizer Announcement
A narrative battle over COVID-19 vaccines is emerging in the aftermath of this week's announcement by Pfizer that its vaccine is reportedly 90% effective. That news also coincided with an interruption of a Chinese-made COVID vaccine clinical in Brazil ...
COVID-19 Tops the Agenda at China-Gulf Countries Foreign Minister Meeting
Chinese Foreign Minister Wang Yi met with six of his counterparts from the Gulf Cooperation Council on Tuesday for a virtual conference, where COVID-19 was atop the agenda. The ministers focused on access to a future C19 vaccine as well as PPE and other pandemic mitigation resources. ...
All This Talk About Vaccines Gives a Desperately-Needed Boost to Two of Africa’s Largest Oil Producing Countries
The prices for Nigerian Bonny Light and Angolan Cabinda crudes have regained some lost ground in November thanks to the Pfizer vaccine news and the U.S. elections. Given that both countries face enormous debt servicing challenges, these higher oil prices will help to replenish government coffers. China ...
Members of an artillery unit of the Vietnamese armed forces resist Chinese invaders along the 230-kilometer border line of the province of Lang Son with China on February 23, 1979. AFP
In this edition of M&M, I want to investigate one of the biggest myths in Vietnam-China relations – historical animosity. Many Vietnam watchers based in Vietnam and abroad often argue that because of the complicated history of China’s occupation and invasion of Vietnam, Vietnam will be deeply skeptical of Chinese intention ...
The Bondholders’ View of the African Debt Crisis
The ongoing debt crisis in Zambia and several other African countries is proving to be much more difficult to resolve than in previous years because of the expanded role of both Chinese lenders and bondholders. Both of these creditors have starkly ...