Category: Finance

By Diego Morro, Victoria Yvonne Bien-Aimé and Lucas Engel This week, African and Chinese leaders are gathering in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation amid significant anticipation from observers about the summit’s key priorities and whether ...

Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country’s finance ministry has  announced. The decision was taken on Saturday and announced by NDB chief Dilma Rousseff at a Cape Town, South Africa meeting.

Nigeria's president headed to France on Monday dogged by a row over jet planes impounded by a French court in a dispute pitting Abuja against a Chinese company. An airport source told AFP that Bola Ahmed Tinubu was flying on the ...

China's exports grew slightly slower than expected in July while imports surged, official figures showed Wednesday, as the world's second-largest economy charts an uneven recovery. Overseas shipments expanded 7% on-year last month, according to China's General Administration of Customs.

By Laurissa Mühlich, Thomas Goda, and Marina Zucker-Marques Since the 2008 global financial crisis, central bank swaps have emerged as an increasingly important pillar of the Global Financial Safety Net (GFSN), the network of institutions and arrangements that aim at ...

The Solomon Islands will prop up its government budget with a $20 million injection from China, the developing Pacific state said Tuesday, as Beijing looks to strengthen its strategic foothold in the region. Prime Minister Jeremiah Manele announced the funding after ...

Singapore state investor Temasek, one of the world's top funds, said on Tuesday it would prioritize investments in the United States after the "underperformance" of Chinese capital markets over the past year. Temasek said its net portfolio value rose 1.8% in ...

Sri Lanka will save $5 billion following the restructuring of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday. The island nation defaulted on its foreign borrowings in ...

By Tsitsi Musasike, Jiaqi Lu, Adjekai Adjei, and Kevin P. Gallagher The second decade of China’s Belt and Road Initiative (BRI) promises to be bigger, better, and, importantly, greener. According to the Chinese Loans ...

Sri Lanka's bilateral lenders, who agreed to restructure close to $6 billion in loans, have demanded "comparability of treatment" with other creditors, including China. A statement seen by AFP on Thursday read that the Official Creditor Committee (OCC), led by Japan, ...

By Amal Jayasinghe Sri Lanka said on Wednesday it had clinched a restructuring deal with key bilateral lender China and other nations, covering up to $10 billion in debt. This is a critical step towards recovery after the 2022 financial crash.

Sri Lanka has finalized long-delayed debt deals with its bilateral lenders, including China, to meet a key condition of an IMF bailout, the government said Tuesday. A treasury delegation is on its way to France to sign agreements with creditors on ...