A bill currently under consideration in New York State could reshape sovereign debt renegotiations around the world by making private creditors accept the same losses as the U.S. government would as a sovereign creditor instead of holding out for a full payback.
The bill comes as countries like Zambia and Sri Lanka face their loan renegotiations being dragged out for years as U.S.-based private lenders stonewall to obtain better deals. 52% of the ...
Category: Personnel
Chinese Envoy Waves Farewell to DRC
After years in the crucible of the extremely complex and contentious relationship between China and the DRC, Ambassador Zhu Jing is moving on a notably senior position in the EU.
China’s New Ambassador-Designate to the DR Congo Arrives in Kinshasa
Zhao Bin, China's new ambassador-designate to the DR Congo, arrived in Kinshasa on Friday. This is Zhao's first assignment in Africa, which is somewhat unusual given that the Chinese Ministry of Foreign Affairs tends to post envoys with experience on the ...
World Bank Nominee Meets Head of China-led Asian Infrastructure Investment Bank
World Bank President-nominee Ajay Banga met with the head of the Chinese-led Asian Infrastructure Investment Bank (AIIB) on Wednesday during his brief trip to Beijing. The AIIB released a short statement after the meeting that said the two discussed "how the ...
The Chinese Embassy in Zimbabwe Takes Aim at Remarks by Washington’s Ambassador-Designate to Harare
The Chinese embassy in Zimbabwe published a blistering response to comments made by U.S. Ambassador-designate Pamela Tremont during her Senate confirmation hearings last week in Washington, D.C. During questioning, Tremont was pressed by senators to contrast China's engagement in Zimbabwe with ...
Key Foreign Policy Outcomes From the Opening Weekend of China’s Two Sessions
Foreign policy priorities featured more prominently at China's annual legislative gathering that kicked off in Beijing over the weekend than in recent years. The event known as the Two Sessions is a joint convention of China's National People's Congress (NPC) and ...
Analysis from Cobus van Staden
Proposed New York Law Could Reshape Debt Negotiations Around the World
Kenya’s Ambassador to China Leaves Unexpectedly
Kenya's outgoing ambassador to China, Mary Muthoni, is leaving her post after only ten months on the job, far less than her predecessor, who spent three years in Beijing. The Ministry of Foreign Affairs in Nairobi did not explain what prompted ...
Chinese Search and Rescue Teams Now on the Ground in Turkey with Dozens More on the Way
An 82-person Chinese search and rescue team is on the ground in earthquake-hit Türkiye after arriving at Adana airport on Wednesday. The team brought 20 tons of medical supplies, rescue equipment, and four sniffer dogs. The team
China Sends Personnel, Aid to Assist With Quake Recovery in Türkiye
China announced a series of measures to provide emergency humanitarian assistance to Türkiye and Syria in response to Tuesday's devastating 7.8 magnitude earthquake that killed at least 8,000 people. Beijing is still a relatively new actor in being able ...
China’s Wolf Warrior Defanged
China’s most prominent Wolf Warrior diplomat, Zhao Lijian, has been moved from his previous position as Foreign Ministry spokesperson to a new post as Deputy Director of the Department of Boundary and Ocean Affairs. While the shift is technically a lateral move,
Africa, Meet Qin Gang… Qin Gang, this is Africa
Chinese Foreign Minister Qin Gang begins a five-nation, week-long tour of Africa in what will be his first public appearance in his new role. Qin, who until a few weeks ago was Beijing's envoy to Washington, D.C., is a Europeanist who has no background in African affairs ...