Category: Economy

The rapidly deteriorating financial crisis in Lebanon provides a grim preview to other developing countries of what happens when the bottom falls out of an economy. After the government defaulted on its debt last spring, conditions spiraled downwards to the point where 

With the COVID-19 crisis disrupting regional and global trade, the Development Reimagined team spoke with Mbelwa Kairuki, Tanzania's ambassador to China, to get his take on Sino-Tanzania trade and what he and his team are doing to try to respond. DEVELOPMENT ...

The New York-based research firm Rhodium Group released a new report today that draws on an expanded data set of Chinese debt renegotiations with developing countries. The new report, "Seeking Relief: China’s Overseas Debt After COVID-19," provides insights into how China may be handling current ...

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. ...

While a growing number of African countries are furiously renegotiating their debts with various creditors, one question that keeps emerging is whether China will eventually resume lending these countries large amounts of money to build future infrastructure. The specific questions is ...

The U.S. State Department appears determined to ensure that everyone knows its foreign assistance programs are very different from China's. Even though the State Department didn't mention the Chinese by name in either their tweet or the accompanying article, the multiple references to "some ...

Many African civil society stakeholders worry that China is going to take advantage of the worsening economic crisis to seize their countries' strategic assets. It doesn't matter that there aren't actually any precedents for these seizures, in the current era of "alternative facts" if people believe it ...

A new poll of young Arab nationals in North Africa and the Middle East revealed the kind of numbers that give people like Angela Merkel and Emmanuel Macron nightmares. 87% of the 18-24 years old surveyed expressed concerns about unemployment and ...

Although we may be a bit fatigued from all the Zoom calls and webinars that now fill our calendars every week, try not to miss some of the China-Africa themed events over the next few weeks. This week, Quartz Africa Editor ...

Conservative Republicans in the United States had long wanted to cut funding for the U.S. Export-Import Bank, calling it government-subsidized "corporate welfare." But as they're becoming more concerned about competition from China, many of those same Republicans are changing their tune and persuading ...

The women-focused China podcast NüVoices this week features an interview with Yunan Chen, a senior research officer at the London-based think tank Overseas Development Institute where she is one of the world's leading analysts on Chinese development finance in Africa.

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 ...