Category: Finance

While political ties between China and Paraguay are increasingly strained over the South American country's commitment to maintain diplomatic relations with Taiwan, economic ties between the two are much more robust. Well, sort of. China is Paraguay's third largest trading partner, ...

U.S. President Joe Biden argued on Wednesday that the United States is striving to be a qualitatively different investor from China in Africa. In making this case, administration officials couldn’t resist one last reference to a meme cherished by Democrats and ...

Two very interesting stories this week highlight the complexity of China's development finance initiatives in Asia and Africa. In Cambodia, people close to the massive $1.7 billion Funan Techo canal project hint that Chinese financing isn't as secure as Prime Minister Hun Manet made it sound when ...

When construction of Cambodia's $1.7 billion Funan Techo canal got underway in August, Prime Minister Hun Manet confidently assured everyone that Chinese funding for the project would come through. Now, though, there are mounting concerns the Prime Minister's assurances may have been ...

China joined a global rejection of a draft deal on climate finance at the COP29 summit Thursday but urged nations to bridge their differences, with one day left in the talks. The text released by the UN climate conference's host, Azerbaijan, ...

By Jiaqi Lu The era of carbon-intensive mega-investments by China in global energy infrastructure may be coming to an end. Recent findings from the China’s Global Energy Finance Database, managed by the Boston University ...

By Liu Shuang and Wang Ye China renewed its commitments to Africa this September at the Forum on China-Africa Cooperation (FOCAC) in Beijing. The renewal included endorsing “small and beautiful” livelihood-improving projects and bankrolling sustainable energy projects. The idea of small and ...

The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday. The meeting of the BRICS -- meaning Brazil, Russia, ...

By Jiang Mengnan In June of this year, the Bank of China (BOC) issued the first sustainable development bonds, for which all funds raised were directed towards countries affiliated with the Belt and Road Initiative (BRI), according to the bank’s website. The ...

By Tim Hirschel-Burns The World Bank and the International Monetary Fund (IMF) are not the only places where global economic decision-making takes place, but arguably, no other institutions combine such global scope and implementation power. The United Nations (UN) serves as ...

We're going to see two starkly contrasting visions of the current international economic order this week when leaders from nearly two dozen developing countries gather in Russia for a BRICS summit while the development finance elite meet in Washington for the IMF-World Bank's annual meeting.

Sri Lankan police have arrested over 230 Chinese men accused of targeting international banks in online scams, the foreign minister said on Tuesday, with help from security officials sent by Beijing. Vijitha Herath said police raids over the past week had ...