Category: Economy

When Kenya embarked on its national infrastructure development agenda back in the early 2000s, policymakers didn't have a lot of options when it came to financing. Traditional lenders weren't interested and the cost of borrowing from banks was too expensive. Enter ...

As many as twelve countries could default on their loans this year, a senior World Bank economist warned in a blog post on Monday. Marcello Estevão, the WB’s Global Director for Macroeconomics, Trade and Investment, said the crisis in Ukraine is a final shock ...

By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...

China's once enormous global COVID vaccine distribution drive has effectively come to a halt this year, according to new data published by the public health consultancy Bridge Consulting in Beijing. It's not clear what prompted the sharp dropoff in vaccine deliveries, but it could ...

In less than six years, China's financing of overseas energy projects in the Global South plunged from $35 billion to zero, according to new data released this week from Boston University's Global Development Policy Center. BU's findings mirror a broader pullback ...

The conservative Hoover Institution at Stanford University spent several months working with thirty civil society organizations from 24 African countries to produce a new handbook that is purportedly intended to help policymakers better understand the key issues related to China's engagement in Africa.

Kenya is struggling to make payments on a $156.7 million Chinese Exim Bank loan that financed Nairobi’s Southern Bypass road. The country’s auditor general, Nancy Gathungu says Kenya now owes the Chinese state bank $31.3 million in delayed payments for the period up to 2021. Kenya’s ...

The world’s poorest countries will pay about $52.8 billion in debt servicing costs this year, of which 26% ($13.7 billion) will go to Chinese lenders, according to a new report released on Monday by the Green Finance and Development Center at Fudan University in Shanghai. ...

Nigeria’s total public debt stood at $94.7 billion in 2021, up from $78.9 billion the previous year. Patience Oniha, the head of the country’s Debt Management Office (DMO) briefed journalists last Thursday in Abuja. Compared to other African finance ministries, Nigeria’s DMO has championed transparency, and these briefings ...

By Yan Wang and Yinyin Xu Public assets are a vast unknown and untapped resource. Consisting of real estate and operational assets, public assets include a country’s state-owned land, transport, and utilities, as well as its liquid financial assets and state-owned ...

As concern grows as to how countries like Kenya will repay their loans to China, navigating misinformation about Chinese lending remains challenging. Johns Hopkins University Professor Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa, unpacked the issue in a public lecture on ...

Products from 17 African countries are being featured at a trade show in Hangzhou, Zhejiang Province in a bid to introduce the continent's specialties like wine, coffee, and tea, to Chinese consumers. The African Goods brand pavilion opened at Zhejiang ...