Category: Loans

Indonesia Announces BRICS New Development Bank Membership, Eyes Infrastructure Funding

Indonesia on Tuesday announced that it will join the BRICS-backed New Development Bank NDB, headquartered in Shanghai, and has proposed 77 projects for funding. The move strengthens Jakarta’s financial ties with BRICS economies as the bloc expands ...

Bolivia Inaugurates Steel Plant Built With Chinese Loan

Short on foreign currency, Bolivia inaugurated a steel plant Monday that it hopes will reduce its reliance on metal imports, thanks to a loan from China. The Mutun megaproject in Puerto Suarez, near Bolivia's border with Brazil, was built at a ...

China Considering New Loan Terms for Bangladesh: Media

The Bangladeshi media is reporting that China has “agreed in principle” to extend the repayment period of a loan from 20 to 30 years. This follows a meeting between Bangladesh’s Foreign Adviser, Touhid Hossain, and Foreign Minister Wang Yi on Tuesday. Bangladesh ...

[DOUBLE EPISODE] 2024 China-Africa Year in Review

2024 will be remembered as a seminal year in China-Africa relations with a rebound of Chinese lending to the continent and renewed diplomatic engagement in the run-up to the Forum on China-Africa Cooperation summit that took place in Beijing.

Chinese Lending to Africa is Way More Complicated Than You Think

It's widely believed that Chinese lending to African countries is predominantly done by a few state policy banks, such as the China Exim Bank and the China Development Bank. While that was true in the past, today the situation is far ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

Beyond Railways and Ports: China’s Evolving Lending Strategy in Africa

Chinese lending to African countries rebounded in a big way in 2023 after seven consecutive years of decline. Last year, Chinese lenders approved loans totaling $4.61 billion to African borrowers, a dramatic increase over the $922 million lent in 2022, according ...

In-Depth: China’s Finance for African Renewables Rebounds After Two-Year Lull

By Anika Patel New data reveals a rebound in Chinese financing of renewable energy projects in Africa in 2023, following a lull over the past few years.

Details of Kenya’s New Chinese Loan Emerge

Kenya will use a new loan from China to advance work on 16 different road projects, said a senior Treasury official. Kenya signed a new $279 million loan agreement with China Development Bank on the sidelines of the Forum on China-Africa Cooperation in September.  ...

China Pushes Smaller, Smarter Loans to Africa to Shield From Risks

By Matthew Walsh China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. ...

Report: Chinese Lending to African Countries Rebounded in 2023

Chinese creditors resumed lending to African countries in 2023, ending seven years of consecutive declines, according to new data from Boston University's Global Development Policy Center. Chinese lenders issued 13 loans to borrowers in eight African countries and two regional financial ...

Learning Through Lending: China-Africa Economic Engagement through FOCACs Past and Present

By Lucas Engel As the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) approaches, it is warranted to look back at the trajectory of China-African economic engagement and assess its current state. For China, FOCAC, ...

Falling Through the Net? The Perils of Relying on Central Bank Swaps for Global Crisis Finance

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 ...
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