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Who Will Succeed Amidst Global Economic Fragmentation?

By Lukas Fiala It’s hard to go a day without reading about new economic security measures on either side of the Atlantic. From EU tariffs on Chinese electric vehicles to the U.S. Treasury’s sanctions on China’s dual-use trade with Russia, the ...

Chinese Firms Branch Out from Relying on Development Finance in Latin America and the Caribbean

By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...

Analysis from Cobus van Staden

Philippine President Ramps Up Rhetoric as Local Attitudes Harden

The President of the Philippines, Ferdinand Marcos Jr., told soldiers to be ready for any conflict amid a potential overlap of his country’s tensions with China in the South China Sea and growing tensions between China and Taiwan.
Speaking to troops at a base in the northern Isabela province on Monday, Marcos said: “The external threat now has become more pronounced, has become more worrisome, and that is why we have to ...

Chinese ‘Underground Bankers’ Launder Sinaloa Drug Money: U.S.

The U.S. Justice Department on Tuesday accused Chinese "underground bankers" of helping Mexico's Sinaloa Cartel launder more than $50 million in drug trafficking proceeds. An indictment unsealed in California charged 24 defendants with conspiracy to distribute cocaine and methamphetamine and money ...

Graph of the Day: The Fall in Chinese Infrastructure Funding in Southeast Asia

A new report by the Australian research body the Lowy Institute maps a sharp decline in Chinese infrastructure funding to Southeast Asia, partly due to the COVID pandemic. However, the authors said "ongoing projects mean Beijing looks set to remain the dominant infrastructure financier in the region."  ...

IMF Releases Sri Lanka Loan Despite Restructure Delays

The International Monetary Fund released $336 million as part of a bailout loan installment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting ...

The Future of Chinese Development Finance in Africa

Chinese development finance in Africa today is a small fraction of what it was a decade ago when Beijing's policy banks provided billions of dollars in loans to countries across the continent. But while those ...

What Kenya’s State Visit to the U.S. Reveals About Winning Over the Global South

By Lucas Engel Kenyan President William Ruto’s recent state visit to Washington, DC underscored considerable alignment between the U.S. and Kenya. The experience will likely boost U.S. policymakers’ confidence in the ability of the U.S. to compete with China in ...

The African Development Bank and the Role of China in Africa’s Call for Changes in the Global Financial Architecture

By Tim Hirschel-Burns and Oyintarelado Moses To close out a month in which the Asian Development Bank and the European Bank for Reconstruction and Development also held their annual meetings, the African Development Bank (AfDB) will hold its 

Saudi Finance Minister in Beijing Wraps Hectic Two Days of High Level Talks

Saudi Arabia's Finance Minister Mohammed Al-Jadaan concluded a two-day visit to Beijing on Tuesday that included high-level talks with his counterpart Lan Fo'an and Vice Premier He Lifeng, China's point man on relations with the Kingdom. Al-Jadaan was joined on the trip ...

Why It May Be Premature to Trust Nigerian, Kenyan Media Reports on New Chinese Railway Funding

A word of caution about a flurry of headlines circulating in the Kenyan and Nigerian press this week claiming that China has committed to spending billions of dollars on new railway projects in both countries. Something just doesn't sound right about these stories. It's interesting ...

Chinese Contractor Completes Construction of New Nigerian Transportation University

The Chinese contractor that built a new $50 million transportation university in northern Nigeria formally handed over the facility on Friday to the Federal government at a ceremony in the capital, Abuja. The new university was built as part of a ...

Japan-Kenya Loan Deal Shifts Chinese Influence

Japan will reportedly provide about $107 million in bilateral loans to Kenya for port, water, and electricity infrastructure, to be implemented from next week. The deal signals a stronger role for Japan as an external partner to the continent amid G7 anxieties about China’s influence.
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