Category: Finance

Kenya's top diplomat, Musalia Mudavadi, hoped that his visit to China this week would prompt Beijing to speed up approval of a large financial package that his government is counting on to build new roads and extend the Standard Gauge Railway (SGR) to the Ugandan border.

By Zhou Xiaozhu On the day he became president again, Donald Trump signed an executive order to take the U.S. out of the Paris Agreement on climate change. That was followed by a termination of U.S. funding pledged during the Biden ...

China could step in to support infrastructure projects in Colombia if the United States withdraws funding, the country’s ambassador, Zhu Jingyang, said. In mid-May, the US Bureau of Western Hemisphere Affairs said it would “strongly oppose” upcoming disbursements by the Inter-American ...

The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. China's Belt and Road Initiative lending spree of the 2010s has paid ...

By Diego Morro In a recent virtual meeting with world leaders on Climate and the Just Transition, Chinese leader Xi Jinping stated that China will not slow its climate efforts or reduce support for international cooperation. This builds on his ...

By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...

By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...

Chinese overseas development finance is unrecognizable from what it was just a few years ago. After suffering tens of billions of dollars in losses, Chinese lenders have moved to de-risk their lending to countries in Africa, Asia, and across the Global ...

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

Chinese President Xi Jinping emphasized China’s support for the BRICS-led New Development Bank (NDB) and called on the institution to further build ties with the Global South. Xi called the bank "a pioneering initiative for the unity and self-improvement of the Global South," and said it will strengthen ...

President Donald Trump's administration plans to gut a U.S. agency that has invested billions in infrastructure in Africa, ceding ground in a key area of competition with China, according to a memo. A memo, which was sent to staff and whose ...