Day: October 12, 2023

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Zimbabwe’s Elite Share Their Views on China: What a New Survey Reveals

Across Africa, public opinion about China has been quite positive overall with favorability ratings surpassing those of other major powers, including the United States. But not in Zimbabwe, at least among the country's elites, according to a new survey.

Chinese Construction Projects in Kenya Stall Amid Worsening Economy

For Kenya, repaying its loans sustainably is now a matter of concern since the country’s currency is devaluing fast in what the Central Bank said is “adjusting from policy mistakes”.

China Discusses Ceasefire, Aid to Gaza with Egypt

China’s Special Envoy to the Middle East, Zhai Jun, said China is “ready to coordinate” with Egypt to promote a ceasefire in the ongoing Israeli-Palestinian conflict. The comments came during a phone call with Osama Khedr, the assistant minister of the ...

IMF Caught Unawares by China’s Sri Lankan Debt Deal

The Chinese Foreign Ministry’s brief announcement on Tuesday that China Exim Bank reached a debt deal with Sri Lanka surprised IMF officials - another indication of how fractured the bankrupt country’s debt restructuring process has become. Peter Breuer, the IMF’s Mission ...

Backgrounder: IMF Quota Discussions in Marrakesh Point to Tectonic Change

This week’s IMF and World Bank meetings in Morocco will discuss fundamental changes to the global financial architecture, including who gets to make decisions in the World Bank and the International Monetary Fund. IMF officials ...

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 ...

As Debt Resolution Deadlock Looms, Which Scenarios Face Us?

China’s rapid rise as a global lender has also made it a significant disrupter of the business-as-usual of debt restructuring. While Western stakeholders have framed China’s role as a ‘barrier,’ Beijing insists that it is being treated unfairly in comparison to Western-led ...

Further Crackdowns on Cross-Border Gambling and Scams in Myanmar

More than 1,200 Chinese nationals allegedly involved in illegal cross-border gambling operations were detained by Myanmar militias and handed over to Chinese authorities on Saturday, the Associated Press reported. In June, China launched an anti-fraud campaign that has so ...