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IMF Caught Unawares by China’s Sri Lankan Debt Deal

The Chinese Foreign Ministry’s brief announcement on Tuesday that China Exim Bank reached a debt deal with Sri Lanka surprised IMF officials - another indication of how fractured the bankrupt country’s debt restructuring process has become. Peter Breuer, the IMF’s Mission ...

Glimmers of Debt Deal for Sri Lanka Raises China Pressure

Sri Lanka’s major creditors, including India, Japan, and France, are nearing a debt deal by mid-October, according to the Japanese newspaper Sankei Shinbun. However, there are serious questions as to whether China (one of Sri Lanka’s largest bilateral creditors) will be part of the deal. ...

A Debt Deal for Sri Lanka Without China?

Some members of Sri Lanka’s creditor committee are reportedly promoting an agreement to restructure the bankrupt country’s debt without China. According to a report by Bloomberg, the United States, Japan and India are pushing for a deal with Sri Lanka ...

South Asian Leaders Gather in Kunming for China-South Asia Expo

Leaders from South Asian countries gathered in the southwest Chinese city of Kunming for the seventh China-South Asia Expo. It was an occasion for Chinese leaders to emphasize both trade and political ties. Chinese Foreign Minister Wang Yi told the guests that ...

Guessing China’s Military Basing Ambitions

By Lukas Fiala Occasionally, a new report reignites the debate over where China might place its next military base. And just in time for the PLA’s 96th anniversary on Tuesday this week a recent study from AidData sheds new light on the topic. ...

Is China Setting the Agenda for Global South Debt Restructuring?

In June, Zambia reached what's been described as a landmark debt restructuring deal that for the first time brought together the country's bilateral creditors including China, traditional Paris Club lenders and bondholders. While the deal ...

Sri Lanka’s Creditors Push for Greater Chinese Participation in Debt Talks

Three of Sri Lanka’s largest lenders are calling for its debt restructuring process to be sped up and for China to support the process. Officials from India, Japan, and France, the three heads of Sri Lanka’s creditor committee, are also raising new forms of cooperation in a bid ...

Communist Party of China Plans Arab Outreach

The Communist Party of China wants to sharply increase its coordination with Arab countries. This was a key takeaway from the mid-July's fourth China-Arab States Political Parties Dialogue, which brought CPC officials together with delegates from 67 political parties from across the Arab world. ...

Sri Lanka Gets Relief from World Bank as FM Walks a Careful China Line

The World Bank announced $700 million in budgetary and welfare support to Sri Lanka on Thursday. The news comes as Sri Lanka’s Foreign Minister Ali Sabry met with China’s Finance Minister Liu Kun and Exim Bank chair Wu Fulin to discuss China’s central role in his country’s debt restructuring. ...

Backgrounder: China’s Emerging Playbook in South Asia

China’s outsized role in two key South Asian debt crises (Sri Lanka and Pakistan) and its fractious cross-border relationship with India have overshadowed a larger trend: Beijing is increasingly becoming an adept navigator of South Asian complexities in order to grow its own influence in the region.
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