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The Mystery of China’s Interest-Free Loan Cancelation: Connecting the Dots

Amid China's controversial role in debt crises from Sri Lanka to Zambia and beyond, the recent cancelation of 23 interest-free loans to 17 African countries caused a lot of misunderstanding, not least because the Chinese government has still not published official lists ...

Kenya’s New President Steps Into Debt Dilemma

Kenya’s new President William Ruto faces a steep debt mountain as he enters office. Servicing the country’s debts consumed 63.5% of tax revenues in the first two months of the current financial, a rate that’s expected to continue next year. For the first time, debt ...

Ruto Decisions Raise Questions About SGR’s Financial Future

Repaying Kenya’s $3.7 billion loan to China for the Standard Gauge Railway is key to Kenya’s broader financial future. However, two decisions by the country’s new President, William Ruto, will make that much harder, raising the danger that the burden could fall on taxpayers. ...

Chinese Communist Party Convenes African Diplomats

Senior officials from the Communist Party of China (CPC) convened a meeting of African diplomats in Beijing on Saturday, highlighting the role of the Party in Chinese diplomacy to Africa. Headed by Liu Jianchao Minister of the International Liaison Department of the CPC’s Central Committee, the meeting ...

China and Nicaragua Discuss Trade, Party Ties 

China’s Foreign Minister Wang Yi met with Denis Moncada, his Nicaraguan counterpart, on the sidelines of the UN General Assembly on Monday. The two countries resumed diplomatic relations last year after Managua recognized Taiwan in 1990. They discussed a possible ...

Analysis from Cobus van Staden

China’s Global Development Initiative Meeting Signals Growing UN Influence

China’s Global Development Initiative (announced by President Xi Jinping in 2021) took a massive step towards global influence this week. It got the UN stamp of approval and is being integrated into its development plans like Agenda 2030.

Chinese Foreign Minister Wang Yi co-hosted a meeting of the Group of Friends of the Global Development Initiative with UN Secretary-General António Guterres at the UN in New York on Wednesday. 

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Navigating the Belt & Road in SE Asia With a New Digital Toolkit

October marks the 9th anniversary of China's Belt and Road Initiative (BRI) and after all these years, nearly a decade later, many people around the world are still trying to figure out what exactly the BRI is. What is certain, though, ...

Understanding the Significance of China’s Interest-Free Loans Cancelation

By Oyintarelado Moses and Jyhjong Hwang On August 19, 2022, China announced it would waive 23 interest-free loans (IFLs) with maturity by the end of 2021 for 17 unspecified African countries worth an unspecified total amount. This announcement comes as ...