Country: France
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Has France Just Taken a Page out of China’s Playbook?
By Lukas Fiala With great powers bickering over an impasse in the debt negotiations while reheating the ‘lab leak theory’ in the debate on the origins of COVID-19, it seems we’re once again far away from a constructive solution to some ...
With an Eye on China and Russia, Macron (Again) Tries to Reboot France’s Strategy in Africa
France needs to approach Africa with ‘profound humility’ to make up for its colonial past. This is the message from French President Emmanuel Macron, who is embarking on an African tour in part aimed at rejuvenating Paris’s engagement with a continent where its image remains shaped by its colonial ...
Wang Yi Makes Unannounced Visit to Uzbekistan on His Way to Europe
China's top foreign policy official, Wang Yi, made an unannounced stopover in the Uzbek capital of Tashkent to meet with acting foreign minister Bakhtiyor Saidov. After the meeting, Wang then traveled to Paris, where he met with French President Emmanuel Macron as part ...
Paris Club Calls Out China Over Sri Lankan Debt Relief
The Paris Club of wealthy creditor states turned up the pressure on China to resolve the current impasse that's blocking debt relief for Sri Lanka and other developing countries. “The Paris Club members as well as Hungary and Saudi Arabia urged other official ...
Africa is Now a VERY Popular Destination For Western Ministers and High-Ranking Diplomats
For years, China was largely alone in regularly dispatching its foreign ministers and high-ranking diplomats to tour Africa. That is no longer the case as U.S., European and Russian diplomats are fanning out across the continent faster than they have in years. ...
The China-Mediterranean Observer: How China looks at the Med
The most interesting articles published in Chinese media in August revolve around the future of the Iranian nuclear deal and, more broadly, Iran’s role in the Middle East. Chinese experts also commented on the end of France’s Operation Barkhane in Mali, as well as the rising great ...
Chinese Creditors Agree to Landmark Debt Restructuring Deal With Zambia
The Franco-Chinese-led Creditor Committee for Zambia announced a landmark agreement over the weekend to cancel $2 billion of the country's bilateral debts. The deal includes unprecedented concessions from a coalition of Chinese lenders that includes the China Exim Bank. Saturday's announcement also ...
Zambia Expected to Finalize Debt Restructuring Deal By the End of the Month
Zambia appears to be edging closer to a debt restructuring deal with its official creditors. Insiders tell Reuters it could happen sometime in July. Some sort of arrangement between the Zambian government and the Franco-Chinese-led Creditor Committee would be a major breakthrough. ...
Zambia’s Debt Talks Set to Get Underway But Final Deal Not Expected This Month
After months of delays, all of Zambia's international creditors will finally convene on Thursday to work out the details of how to restructure the country's $17.3 billion of external debt. The inaugural meeting of the official Creditor's Committee, co-chaired by China and France, will ...
Zambia Wants Debt Reduction As Part of Renegotiation: Hichilema
Zambian President Hakainde Hichilema is optimistic that Zambia’s debt renegotiation is now on track, following the recent announcement that China and France will head the creditors’ committee. The committee's first meeting will be next week. Speaking at a mining conference in Cape Town,
The Case for Cooperation Between Chinese and Western Development Finance Institutions
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 ...
Africa-Europe Summit Begins Amid Hope, Skepticism and a Wary Eye on China
European and African leaders kicked off a two-day summit in Brussels on Thursday amid a sense that ties between these two continents have reached a critical inflection point. European leaders, notably French President Emmanuel Macron, the current rotating president of the ...