Day: June 15, 2022

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Zambia’s Debt Talks Set to Get Underway But Final Deal Not Expected This Month

After months of delays, all of Zambia's international creditors will finally convene on Thursday to work out the details of how to restructure the country's $17.3 billion of external debt. The inaugural meeting of the official Creditor's Committee, co-chaired by China and France, will ...

China’s Top Diplomat for Africa Vows to Crack Down on Offensive Videos After Meeting With Malawi FM

China's top diplomat for Sub-Saharan Africa, Wu Peng, arrived in Lilongwe on Tuesday and tried to quell surging anger in the country over revelations in a new BBC documentary that showed how Chinese nationals in Malawi exploited children to produce offensive videos. The ...

Insider Explains Why Exploitative Videos Exposed by BBC Will Continue to Flourish Unless Chinese Government Bans Them

Just as the algorithms on U.S. digital media platforms like YouTube, Facebook, and Twitter are all optimized to display the most outrageous, inflammatory content in pursuit of higher engagement, the same is true in China. The so-called "blessing videos" featured in ...

Debt Warnings Are Flashing in Laos

How China acts in the Zambian debt restructuring process will no doubt be closely watched in Laos. This is because of rising fears that the Southeast Asian country could be the next to fall into debt distress.  Laotian public debt now stands at $14.5 ...

U.S. Special Envoy Visits Marshall Islands Amid Concern About China

Joseph Yun, the Biden administration’s special envoy to the Pacific Island States, is in the region for a visit to the Marshall Islands. The visit, from 14 to 16 June, will focus on renewing the U.S.’s Compact of Free Association (COFA) economic agreements with the Marshall Islands, ...

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 ...