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South African Utility Boss’s Trip to China Sparks Outrage Back Home Where Millions Fume Without Power

The acting CEO of troubled South African state-owned utility Eskom, Calib Cassim, provoked widespread outrage late last week when it was revealed that he led a high-level delegation to China that also included Public Enterprises Minister Pravin Gordhan. Civil society ...

The Real Drivers and Impacts of Chinese Overseas Lending and Development Finance

By Oyintarelado Moses Debates about the drivers and impacts of Chinese overseas lending and development finance (OLDF) have accompanied the rise of China as the world’s largest official bilateral lender.  Amidst stalled debt negotiations under the ...

New African Debt Database Shows Chinese Loans Are Cheap, But Not the Cheapest

Researchers at the Kiel Institue for the World Economy in Germany launched a new database of African debt that confirms a key Chinese talking point: Beijing's loans to African countries are significantly cheaper than those of commercial creditors. However, David Mihalyi and ...

China’s Lending Money Again to Countries in the Americas

Chinese lending to countries in Latin America and the Caribbean is gaining momentum. For the second year in a row, China's two largest policy banks have increased lending to countries in the region, albeit in much smaller amounts than what they ...

Lending Data Offers Clue to China’s Global South Influence

A new report led by the U.S.-based research center AidData is drawing global attention this week. It shows that from 2008 to 2021, China spent $240 billion in bailouts and liquidity support to 22 Global South countries. Even though the report focuses ...

Analysis from Cobus van Staden

Argentina Scores $924 Million in Deals from China

Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars‘ worth of investment deals on the first leg of his trip to China.
He is on an economic rescue mission, with talks expected to renew and extend a currency swap agreement in order to infuse much-needed foreign money into the Argentinian economy.

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Benin’s Finance Minister Meets With China Exim Bank President

Beninese Finance Minister Romuald Wadagni is in Beijing this week, where he met with China Exim Bank President Ren Shengjun. Neither side released details of the meeting, but it does highlight how China Exim Bank is continuing to engage African governments ...

Another $4 Billion on the Table? The Role of China’s Sinosure in Africa’s Debt Negotiations

By Oyintarelado Moses On February 17, 2023, the International Monetary Fund (IMF) convened a roundtable discussion on sovereign debt restructuring, bringing together creditor and debtor stakeholders involved with ongoing and upcoming debt restructurings. Leading ...

India Thinks It Can Persuade China to Take Big Losses on Its Loans to Poor Countries

The Indian government, in its role as rotating head of the Group of 20, is drafting what will no doubt be a controversial proposal that calls on all major international creditors, namely China, to take large losses on its loans to poor countries.

China Blocked Kenya From Getting Competitive Bids to Build Costly Railway, Supreme Court Told

Kenya’s Supreme Court hearings into the Standard Gauge Railway (SGR) deal are revealing a deal tainted by collusion between Chinese and Kenyan actors. The account emerging from testimony shows that the deal defied oversight from the start. COMPETITIVE BIDDING: Financing depended on China ...

What’s Driving the Steady Decline in Chinese Overseas Development Lending?

There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.
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