analysis

Sri Lanka’s Debt Nightmare Kicks Off Familiar Narratives Abroad 

"We have lost the ability to repay foreign debt." This was the message from Sri Lanka’s newly appointed Central Bank Governor Nandalal Weerasinghe to journalists on Tuesday. The announcement could signal a wave of defaults across the Global South and makes Sri Lanka the newest front in a war ...

In the Pandemic Era, China is No Substitute for the IMF on Debt Restructuring

By James Sundquist In the wake of the COVID-19 pandemic, 90 countries have approached the International Monetary Fund (IMF) for some form of economic assistance. As in decades past, a multitude of developing countries appears to need debt relief or restructuring. Yet, while ...

China’s DRC Envoy Makes High-Profile Visit to Cobalt Mining Belt, Sends a Powerful Message to Both Kinshasa and Washington

China's ambassador to the Democratic Republic of the Congo, Zhu Jing, made a high-profile visit over the weekend to one of the country's most important power brokers in the heart of the cobalt mining zone in the southern mining belt in Katanga province. ...

Ukraine Sanctions and the New Non-Aligned Movement

Kevin Rudd, the former Australian Prime Minister, and a noted China expert, recently argued that Chinese President Xi Jinping’s political fortunes rest on three legs: the continued legitimacy of the CCP’s specific brand of Marxist-Leninism as a shared social system supporting China's economy, the continued ...

The Solomon Islands’ Deal with China Highlights Western Dilemmas

China’s newly-signed security deal with the Solomon Islands is positioning the archipelago state at the center of global strategic disputes between China and Western powers. This has important implications for Africa and other regions in the Global South. The ...

Africa, Latin America and the Active Non-Alignment Option

By Jorge Heine Seventeen African countries, most prominently South Africa, abstained in the United Nations General Assembly vote from condemning Russia for invading Ukraine and demanding Moscow stop fighting and withdraw its military forces. Many more that voted in favor of condemning ...

U.S. Increasing Pressure on African Countries to Choose Sides on Ukraine

The United States and its allies are increasing pressure on African countries to choose sides in the conflict in Ukraine. U.S. officials are engaging with African journalists in order to sway public discussion about the conflict, while diplomatic pressure continues behind the scenes, notably during Secretary of ...

The ‘Anti-Dollar Axis’: An Unlikely Alliance

By Saniya Kulkarni Although the UN General Assembly resolution condemning Russia’s aggression in Ukraine was passed with 141 votes in favor, the 35 abstentions, primarily from states in the Global South, but especially those by powers like China, India, and South Africa, ...

New Details Emerge on China Moly-Gécamines Mining Settlement in the DR Congo

More information is coming to light about Tuesday's surprise announcement that the court case in the DR Congo against Chinese mining major China Molybdenum has been suspended. The Chinese company, also known as CMOC or China Moly, published an ...

New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving

By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...

New Data Reveals COVID’s Impact on Chinese Engagement in MENA and Horn of Africa

By Leonardo Bruni The ChinaMed Project's newly-updated China-Medittereanean dataset provides the first insights into the impact that COVID has had on Chinese engagement in the Middle East & North Africa as well as the Horn of Africa regions. The ...

West Shouldn’t Complain About Global South Not Aligning on Russia When It Hasn’t Done the Legwork

CAP took its first wobbly step onto a newish media platform Twitter Spaces on Thursday evening. If you don’t know it, the experience is kind of like an audio-only Zoom call, except everyone on Twitter can join. The topic of the ...
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