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Category: Loans

Chinese Lending Poses “Serious Danger” to Poor Countries Warns German Chancellor

German Chancellor Olaf Scholz became the latest Western leader to warn about the purported systemic risks to the global economy posed by Chinese lending to developing countries.  Chancellor Scholz addressed the issue at an event in Stuttgart ...

Kenya’s Debt Payments to China Shoot Up as Grace Periods End

Kenya’s debt repayments to China will jump by 135% as grace periods for the repayment of large infrastructure loans come to an end. Kenya will pay $630.7 million to Chinese lenders this financial year, up from $268.2 million last year.

Could China Ease South Africa’s Electricity Woes?

Radio702, a prominent news and talk radio station in South Africa, this week discussed whether China might be able to help the country out of its ongoing electricity crisis. The power issue is back in the headlines as the country’s beleaguered power utility Eskom is ...

Engagement Between Chinese Policy Banks and African Governments Continue Despite Funding Pull-Back

The current pull-back in infrastructure financing from Chinese policy banks is scrambling the funding options for African infrastructure. However, that doesn't necessarily mean that the reduction in lending is permanent or that Chinese policy banks have lost their interest in the continent. This tweet from Ethiopia's embassy ...

Update on the Current State of China-Nigeria Ties With Efem Ubi

Nigerian President Muhammadu Buhari had envisioned leaving office with vast amounts of shiny new Chinese-financed infrastructure built throughout the country. That's not going to happen. China has lost its appetite for large-scale development projects in Nigeria leaving some $15 billion of ...

Analysis from Cobus van Staden

The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, according to development experts. 

Some acknowledged that the BRI has been controversial for its environmental and debt impacts. But they also pointed out ...

Kenyan Court Orders Government to Publish Chinese Loan Contracts For SGR

Two civil society activists in Kenya, Khelef Khalifa and Wanjiru Gikonyo, have won a massive victory in their longshot campaign to force the government to release its contracts with Chinese creditors for the multi-billion dollar Standard Gauge Railway (SGR). The ...

Chinese Lending in Africa Slumps Lowest Point in 16 Years

Chinese lending to Africa has fallen sharply, but China isn’t retreating from the continent. Rather, new data from Boston University’s Global Development Policy Center show how a complex mix of global and local factors impacted the Africa-China relationship. These ...

$1.9 Billion in 11 New Chinese Loans to Africa in 2020

By Jyhjong Hwang and Oyintarelado Moses The 2022 update to the Chinese Loans to Africa (CLA) Database, managed by the Boston University Global Development Policy (GDP) Center, recorded 11 new loan commitments worth $1.9 billion from Chinese lenders to African government ...

How a Small Group of Negotiators in Benin Got China to Play Ball

Chinese loan contracts to African countries are increasingly controversial, raising questions as to how African negotiators can get better deals. One of the world’s foremost experts on Africa-China negotiations, Folashade Soule, recently published a report highlighting how a group of negotiators in Benin bargained with Chinese bodies ...

China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year

For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...
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