Category: Loans

A new infographic circulating online showcases data from Nigeria's Debt Management Office and clearly shows the relatively small amount of debt owed to China compared to that of private creditors and multilateral lenders (as of June 2020). This runs counter ...

Finance ministers and central bankers from the Group of 20 wealthy nations agreed to a bare-bones debt relief package on Wednesday that will extend the G20's Debt Service Suspension Initiative (DSSI) by six months until June 2021. The group ...

We'll know next week if Zambia is going to be the first African country this year to default on part of its debt, or if it'll get the repayment reprieve it's been asking for. It's clear that the country's financial fate now largely rests with China.

Zambia’s request for blanket debt-service suspension from creditors edges the country closer to default and highlights the limitations of China’s debt diplomacy. The government has decided to ask all external creditors to agree to debt service suspension on the same terms, ...

The World Bank released a new interactive database that details how much each of the DSSI-eligible countries will pay in 2020 and 2021 to service their bilateral debts. As the world's preeminent bilateral creditor, it's not surprising that the largest boxes on the graph represent China's outsized ...

China's newly-arrived envoy to South Africa, Chen Xiaodong, made one of his first public appearances on Tuesday in a webinar organized by the South African Institute of International Affairs. Speaking from the embassy in Pretoria, Ambassador Chen spoke for about thirty minutes at the beginning of the ...

Chinese ambassador to Botswana, Zhao Yanbo, announced yesterday on Twitter that he had signed an agreement with Botswana's finance minister, Thapelo Matsheka, to exempt a portion of the southern African country's debts so it could allocate more resources to mitigate the spread of COVID-19. ...

In a candid interview on Monday with the German state-owned television network Deutsche Welle, World Bank President David Malpass renewed his criticism of China and private creditors for not doing enough to help ease the debt burdens of the world's poorest countries and also for not being ...

Chinese overseas development aid and finance remains something of a mystery to many outside observers. The opacity of the Chinese system, combined with large language and cultural differences often lead international stakeholders to complain that it's difficult to distinguish between Chinese aid, concessional financing, and market-based lending/investments. ...

Zambia's burgeoning debt crisis got a whole lot worse on Friday after a committee representing bondholders rejected the government's request for a six-month repayment holiday on about $3 billion of Eurobond notes. The committee represents 14 international financial ...

Leaders from the International Monetary Fund and the World Bank, including IMF chief Kristalina Georgieva, declared that the current "debt architecture" is broken and needs urgent action to prevent a full-blown crisis in some of the world's poorest countries. "The ...

A video of an unnamed Tanzanian official mocking Kenya for borrowing so much money from China to build the Standard Gauge Railway went viral in East Africa this week. "I do not want to mention ...