A bill currently under consideration in New York State could reshape sovereign debt renegotiations around the world by making private creditors accept the same losses as the U.S. government would as a sovereign creditor instead of holding out for a full payback.
The bill comes as countries like Zambia and Sri Lanka face their loan renegotiations being dragged out for years as U.S.-based private lenders stonewall to obtain better deals. 52% of the ...
Category: China-Americas
China Opens New Embassy in Honduras as Part of a Flurry of Diplomatic Activity Between the Two Countries This Week
The Chargé d'Affaires for China's new embassy in Honduras, Yu Bo, unveiled the plaque that will be posted outside of the mission during a ceremony this week in Tegucigalpa. Monday's ceremony capped a frantic series of back-to-back announcements that included the ...
This Graph Explains China’s Growing Influence in Latin America
Financial Times recently published a fascinating analysis of the constraints facing U.S. influence in Latin America. While U.S. policymakers face political opposition at home to the increased market access demanded by Latin American governments, the same isn't true for China. China's trade with Latin America surged from $12 ...
Shifting Trade Winds between China and Latin America and the Caribbean as Free Trade Agreement Negotiations Progress
By Rebecca Ray and Zara C. Albright In 2022, the Latin America and Caribbean (LAC) region’s trade deficit in goods with China grew to a record 1.4 percent of regional GDP, as both sides of the relationship experienced uneven growth rebounds ...
Brazil’s Lula Heads to China With a Ukraine Peace Proposal That’s Effectively Dead on Arrival
Brazilian President Luiz Inàcio Lula da Silva had hoped to arrive in Beijing on Tuesday with a plan to present to Chinese President Xi Jinping that would end the conflict in Ukraine. Lula dispatched a special envoy to Kyiv last week ...
Hondura’s President Announces That’s She’ll be Traveling Soon to Beijing to Sign “Auspicious Agreements”
Honduran President Xiomara Castro looked visibly pleased with her decision to switch ties from Taiwan to China last week when she announced on Twitter that she'll soon be headed to Beijing to sign a raft of new agreements. The President did not ...
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
Taiwan’s Next Challenge in the Americas: Paraguay
U.S. President Joe Biden dispatched his special envoy for the Americas, former senator Chris Dodd, to Honduras this weekend to convey the White House's displeasure with the government's decision to switch diplomatic recognition from Taiwan to China. Dodd will also visit Panama ...
China Confirms It Has a Balloon Floating Somewhere Over Latin America
China’s Foreign Ministry has confirmed Pentagon allegations that a second Chinese surveillance balloon is floating over Central and South America. Foreign Ministry Spokesperson Mao Ning said the balloon is non-military and used for flight tests. She said it has limited ...
China Ramps Up Brazilian Corn Imports
A ship carrying 51,200 tons of corn became the first Brazilian vessel to dock at Jiangyin Port on the Yangtze River, with ships from the agricultural giant delivering 2.4 million tons of grain in total. The delivery comes as Brazil (the second largest corn exporter in the ...
Lula Pitches South American Trade Pact With China in Bid to Save Mercosur
Brazilian President Luiz Inacio Lula da Silva called for a South American regional trade agreement with China as part of a desperate bid to save the embattled Mercosur bloc. Lula proposed the idea during a speech on Wednesday in the Uruguayan capital of ...
Two Themes Dominate Latin America-China Studies
The SSRC’s mapping of scholarship on the relationship between China and South and Latin America and the Caribbean shows that the entanglement of geopolitics and global economics dominate the field. However, the report shows research on the social and environmental impacts ...