Category: Economy

Few countries are as anxious about China’s rise than India. However, a recent flurry of coverage shows that in contrast to the United States, India’s focus falls squarely on the Global South. These articles also show how central the Indian press and think tank community have been ...

Ethiopia’s ambassador to China, Teshome Toga Chanaka pushed back against the idea that loans from China are plunging African countries into debt traps. He recently sat down for an interview with Wang Huiyao, the head of the Center for China and Globalization, a prominent foreign policy think ...

Finance officials in Africa and other emerging markets are becoming increasingly concerned about the deteriorating value of the Chinese yuan that's weighing down the value of their currencies. The RMB has fallen steeply over the past two weeks in response to the disruption of factory production, trade, and ...

The COVID-19 pandemic has affected every country and its citizens, though it has not impacted them equally, particularly those in the African continent. Makhtar Sop Diop, a Senegalese economist, and politician who has been serving as the Managing Director of the International Finance Corporation since 2021 wrote ...

Ghana's main opposition leader John Mahama issued a dire warning on Monday that the country risks becoming the next African country to default on its debt unless "drastic" measures are taken to stabilize the economy. Mahama, who himself is a former President and ...

Chen Xiaodong, China’s ambassador to South Africa, recently caused a small flurry of press coverage by seeming to imply that China could be moving towards funding a high-speed rail link between SA’s economic heartland, Gauteng, and Durban, its most important harbor.  ...

The Wire China recently interviewed Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa. In their wide-ranging conversation, Brautigam referred to a few emerging trends of how Chinese financing is shifting: Deborah Brautigam on Emerging Trends in Chinese ...

Several recently-published research projects added crucial new insights on Chinese lending patterns in Africa. The findings of two of these projects were unpacked by the researchers. These discussions are now available on YouTube. Key Highlights From Recent Webinars on Chinese Lending

For some reason, the Foreign Policy Association last week published a 2020 clip of U.S. Senator Tim Kaine explaining how the U.S. planned to compete with China in development finance in Africa: ...

Kenyan scammers posted a fake job ad that claimed Kenya Airways has partnered with the China Road and Bridge Corporation to hire cleaners, toll attendants, and clerks. More than a dozen positions were advertised all with relatively generous salaries. But there ...

By Oyintarelado (Tarela) Moses Chinese lenders participating in the Belt and Road Initiative (BRI) conduct business within a broader ecosystem of financing for development. This complex web of actors work in a coordinated credit space, comprising development finance institutions, commercial ...

Sharp elbows are out among countries vying to help lead Zambia's newly-energized debt restructuring process, following China's announcement last week that it plans to join a new creditor's committee. Soon after Chinese officials announced their intent to join the committee, they indicated ...