Category: Finance

By Rebecca Ray In 2024, China extended $6.1 billion in 20 commitments in public and publicly guaranteed (PPG) loans, according to a new update to the China’s Overseas Development Finance (CODF) Database managed by the Boston University Global Development Policy ...

Borrowers in Africa and other developing regions are expected to repay $35 billion of Chinese loans this year, with two-thirds of the amount coming from the world's poorest countries. Many of these debts were taken out in the mid-2010s and are ...

The Asian Infrastructure Investment Bank has appointed a new leader. Zou Jiayi, a former Vice Finance Minister and anti-corruption official, was elected as the new leader of the development bank, which functions as a China-centric version of the World Bank. She replaces Jin Liqun, the founding ...

China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.

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 ...