Category: Finance
China-Global South in 2023: Our Views on What to Expect
Eric Olander, Editor in Chief China's efforts to build a parallel international order are going to accelerate in 2023. Led by a new foreign policy team that will assume office in March, Xi Jinping's new Global Development Initiative will take shape, ...
Chinese Contractor Signs $2.2 Billion Deal to Build Next Stage of Tanzania’s Standard Gauge Railway
The Tanzanian government and an unspecified Chinese contractor signed a $2.2 billion contract on Tuesday to build a 2,561km rail line from Dar es Salaam to the Lake Victoria city of Mwanza. It's important to note that even though Chinese contractors ...
Ghana Becomes Latest Global South Country to Default on Debt
Ghana announced it will suspend payments on most of its debt to bondholders, other commercial lenders, and foreign governments, officially putting it in default. The announcement comes a week after a staff-level meeting with the IMF and a ratings downgrade. Ghana’s economy is ...
New Report Debunks Chinese Debt Trap Narrative in Sri Lanka
The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the ...
Is the U.S. Comparative Advantage in Engaging with Africa Enough for U.S.-Africa Relations?
By Oyintarelado Moses The U.S. showed off its comparative advantage in engaging with Africa during the Africa and Diaspora Young Leaders Forum at last week’s U.S.-Africa Leaders Summit. While sitting in the audience, I observed as the first African American Vice ...
Letter to the Editor: A Critique of 金中夏’s (“Chinese Summer in Finance”) Views on Chinese Debt in Africa
Dear China-Global South Project Editors, I read the China-Global South Daily Brief of 8 November 2022 and came across the paper by Jin Zhongxia whose name 金中夏prompted the title of this letter to the editor. I, of course, agree with ...
Q&A: Why Provinces, Not the Government in Beijing, Are Becoming the New Force in China-Africa Trade
China's engagement in Africa in the modern era is undergoing an important transition as the central government in Beijing, once the exclusive driver of this relationship, is stepping back to cede more space to provincial, municipal, and other so-called "sub-national actors" to facilitate trade and pioneer new ...
Billion Dollar Infrastructure Fund Reveals China’s New Development Finance Priorities and Tactics
The Chinese government is leveraging private capital to bolster its infrastructure development finance agenda in developing countries, particularly in Southeast Asia. The China Exim Bank, one of China's two main policy banks, announced this week that it teamed ...
China’s Paid-In Capital on the Rise – Here’s What to Know
By Oyintarelado Moses and Laura Gormley Since 2007, Chinese special investment funds targeting overseas development projects have been on the rise. These funds are pools of capital established by multiple public and/or private shareholders that primarily provide equity financing to projects ...
How Host Country Policies are Driving Chinese Finance for Renewables
By Rishikesh Ram Bhandary The Egyptian government, host of the 2022 United Nations Climate Change Conference (COP27), has dubbed this meeting the “implementation COP.” For many developing countries, international finance is a key enabler that allows ...