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India Thinks It Can Persuade China to Take Big Losses on Its Loans to Poor Countries

The Indian government, in its role as rotating head of the Group of 20, is drafting what will no doubt be a controversial proposal that calls on all major international creditors, namely China, to take large losses on its loans to poor countries.

China Sticking to Its Position That Multilateral Banks and Bondholders Must Also Take Losses on Sri Lankan Debt

The Chinese government re-stated on Wednesday that it will not move forward with the Sri Lankan debt restructuring process unless both commercial creditors and multilateral development banks also agree to accept losses on their loans. Ministry officials told Reuters that Spokesperson ...

Malpass Resignation Could Spark New Battle Between U.S. and China Over His Replacement

World Bank President David Malpass said that he will step down in June, a year before his five-year term expires. Malpass did not provide a reason for his early resignation but speculation in U.S. media is that it's due to his controversial stance on climate change.

China Accuses Philippines of Lying About Laser Strike Against Coast Guard Ship in South China Sea

The feud between the Chinese and Philippine governments over a naval incident in the South China Sea earlier this month intensified when Beijing accused Manila of not telling the truth about what happened. Chinese Foreign Ministry Spokesperson Wang Wenbin did acknowledge on Wednesday ...

Wang Yi Makes Unannounced Visit to Uzbekistan on His Way to Europe

China's top foreign policy official, Wang Yi, made an unannounced stopover in the Uzbek capital of Tashkent to meet with acting foreign minister Bakhtiyor Saidov. After the meeting, Wang then traveled to Paris, where he met with French President Emmanuel Macron as part ...

Analysis from Cobus van Staden

Letter From DC: Is Africa Holding Itself Back?

Greetings from Washington, DC,
Whoo boy…We picked a doozy of a week to be in town. The overlapping reverberations from leadership fights within the Democratic Party, the assassination attempt on former President Donald Trump, and the announcement of JD Vance as his vice-presidential candidate are understandably focusing attention inwards.

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China, Latin America, and the Rise of a New Non-Aligned Movement

During the first Cold War, a large group of developing countries sought to distance themselves from the ideological battle between the United States and the Soviet Union to create a Non-Aligned Movement. Today, three decades ...