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Chinese Company Commences Construction Works After 5-Year Delay as Kenya Turns to Mega Dams for Irrigation

China’s Sinohydro Corporation and Engineering has received the green light to commence works on the $135 million Mwache Multipurpose Dam project in Kenya’s Kwale County. Launched by President William Ruto on Thursday, the long-awaited project is scheduled for completion in 2026. ...

Debt Standoff At IMF, World Bank Spring Meetings

Finance ministers from around the world have descended on Washington DC for the World Bank and International Monetary Fund’s Spring Meetings. The Chinese government has confirmed that a top-level Chinese delegation will attend in person -- the first time since the COVID pandemic.

Chinese Experts Weigh In On Brazilian President’s Visit to Beijing

Brazil’s President Luiz Inácio Lula da Silva is scheduled to arrive in Shanghai on Tuesday, after a March visit was rescheduled due to illness. He will meet with Chinese President Xi Jinping on Friday. Before leaving, he said he also plans to invite Xi to Brazil. ...

Getting Currency Swaps Right: How China is Filling the Void Left by the West

By Kevin Gallagher, Marina Zucker-Marques and Barbara Fritz A recent World Bank paper­ – widely echoed by financial outlets – has raised concerns about a supposed Chinese “emerging system of cross-border bailouts”, composed mostly of currency swap agreements. To the authors, Chinese swaps are opaque and costly, ...