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Day: March 29, 2022

China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year

For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...

China’s Influence a Key Theme of Senate Armed Services Committee Testimony on Latin America and the Caribbean

Threats from China are emerging as a common theme across different U.S. Commands at the U.S. Senate Armed Services Committee hearings. The issue of China’s influence in Latin America and the Caribbean (LAC) was raised by General Laura Richardson, the head of ...

New Guidelines Puts Green Development at the Heart of the BRI

China’s National Development and Reform Commission (NDRC), the most powerful state body overseeing economic planning, released a new set of guidelines on Monday that will shape the Belt and Road Initiative over the next decade. These guidelines put green development at ...

Global Times Claps Back at Japan’s ‘Debt Trap’ Allegations

China’s government-owned nationalist tabloid Global Times has hit back at comments by Japan’s Foreign Minister Yoshimasa Hayashi (photo) that Japan will help developing countries out of China’s ‘debt traps.’ GT called the debt trap allegation “an insult to ...

Kenyan Professor Explains Why China, Not the West, Became Nairobi’s Creditor of Choice

When Kenya embarked on its national infrastructure development agenda back in the early 2000s, policymakers didn't have a lot of options when it came to financing. Traditional lenders weren't interested and the cost of borrowing from banks was too expensive. Enter ...

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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This Year Could See a Dozen Debt Defaults Warns Top World Bank Economist

As many as twelve countries could default on their loans this year, a senior World Bank economist warned in a blog post on Monday. Marcello Estevão, the WB’s Global Director for Macroeconomics, Trade and Investment, said the crisis in Ukraine is a final shock ...

China’s Minmetals Doubles Down on DRC Cobalt

The lure of greater access to the DR Congo's vast copper and cobalt reserves is drawing more Chinese mining companies to expand their investments in the country. Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere ...

A Sixth Chinese Ambassador in Africa Says Farewell

Li Lianhe, China's ambassador to Algeria, is the sixth Chinese ambassador wrapping up his tour of duty to Africa. He joins his colleagues in Burkina Faso, Rwanda, Namibia, and Gabon who have finished their tours.

New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving

By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...