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 ...
Country: Laos
Chinese Scholar on Why Railway Financing Makes Sense for Beijing, Despite Criticism
Chinese-financed railways in Asia and Africa have sparked enormous controversies over whether it was wise for countries like Kenya, Indonesia, Nigeria and Laos to put themselves in so much debt for infrastructure that will take decades to become profitable, if it ever does.
What Does Kenya’s SGR Tell Us About the Future of Chinese Railway Development in the Global South
The Chinese-financed Standard Gauge Railway (SGR) in Kenya is one of the flagship projects of the Belt and Road Initiative. But the SGR like other Chinese-sponsored railway projects elsewhere in the Global South also serves as a prime example of the ...
As China Nitpicks Terms, Asia’s Debt Bomb is Ticking…
As technocrats in Sri Lanka and Laos grapple with renegotiating loans to a variety of creditors, including China, the region's creeping debt distress is slowly tipping into a full-blown humanitarian disaster. The situation is the most critical in Sri Lanka, where ...
Wang Touts China’s Human Rights Record to Visiting Asian, African Diplomats on Their Way To Visit Xinjiang
Chinese Foreign Minister Wang Yi spoke glowingly of Beijing's human rights record with indirect references to the situation in Xinjiang when he met on Tuesday with a delegation of visiting UN diplomats from Asian and African countries. The group ...
Debt Warnings Are Flashing in Laos
How China acts in the Zambian debt restructuring process will no doubt be closely watched in Laos. This is because of rising fears that the Southeast Asian country could be the next to fall into debt distress. Laotian public ...
