Category: Loans

The United States will lend $553 million for a new deep-water shipping container facility in Sri Lanka’s Port of Colombo. The project will be the largest undertaken by the U.S. foreign development agency, the Development Finance Corporation (DFC), as it challenges China’s ...

China’s Belt and Road Initiative is evolving rapidly to take on debt, reputational, and ESG challenges that affected its first decade. This is one of the findings of a landmark report from AidData, a research institute at the College of William and ...

Senior Kenyan officials are trying to set the record straight about President William Ruto's trip to China last week and whether he went there with a billion-dollar request for new loans. Before he left, Deputy President Rigathi Gachagua told a radio interviewer ...

The adjustment of Chinese lending to Africa and other parts of the Global South in line with changing economic conditions at home will open space for other countries, said IMF Managing Director Kristalina Georgieva. Speaking at a 

Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...

Boston University's Global Development Policy Center published a new policy brief tracking trends in Chinese financing to Africa. It notes the sharp decline in the size and number of loans compared to the 2010s. This point has been made before and ...

China has been one of the most important development lenders to Africa over the last quarter of a century. This has transformed the African development landscape in helpful and problematic ways. It is also changing very rapidly.  A new report from ...

From 2000-2022, countries in Southern Africa and East Africa historically borrowed the most from China primarily due to large-scale loans in Angola, Zambia, South Africa, Ethiopia and Kenya. In 2021 and 2022, the regional composition is distinct from previous years; lending ...

By Victoria Yvonne Bien-Aimé, Lucas Engel and Oyintarelado Moses A combination of economic shocks from the COVID-19 pandemic and the policy shift to a greener high-quality Belt and Road Initiative (BRI) has translated into a substantial decline in large-scale Chinese loan ...

Kenya spent 59% of all the money it collects in taxes to service the country's ballooning debt, a slight increase from the previous fiscal year. The news adds further pressure on President William Ruto, who slashed subsidies and increased taxes in ...

There's been a lot of discussion in recent years about how Chinese lenders required high-risk borrowers in Africa and other developing countries to put large pools of money in offshore escrow accounts as a kind of insurance measure that guaranteed the creditor would be repaid. ...

The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...