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Update on China’s Role in the Burgeoning Global South Debt Crisis

There was a lot of excitement earlier this month at the IMF and World Bank’s annual gathering in Washington, D.C. about rumors that the impasse between China and multilateral development banks (MDBs) had been resolved. That stalemate between the Chinese and the MDBs, namely the World Bank, has impeded debt restructuring deals in Sri Lanka, Zambia, and now Ghana among other countries.

But now, two weeks later, there’s still no official confirmation from either China or the MDBs that they’ve settled their differences.

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What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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