Tag: AidData
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New Report: China Is Now the Major Lender of Last Resort for Developing Countries
China has spent $240 billion in rescue payments to 22 economically distressed Belt and Road economies between 2008 and 2021. A new report published by AidData, the research center at the College of William and Mary, and co-authored with researchers at the ...
Africa’s Dangerous Ignorance of China
Last week’s news was dominated by the publication, on Sunday, November 6, 2022, of part of the Kenyan SGR contract. It was far from the entire contract promised by the new Kenyan transport minister, but it was still a step towards transparency after years of ...
New Kenyan Government Releases Controversial Chinese Loan Agreements For Standard Gauge Railway
Kenya's new Transport Minister Kipchumba Murkomen, rocked the political establishment in Nairobi over the weekend when he released the first details about the controversial multi-billion dollar loan from China to build the Standard Gauge Railway (SGR).
Why Sharif’s Recent Visit to Pakistan Wasn’t as Successful as Many Think
Dear Eric and Cobus, Because I know you all care deeply about this topic, I thought I’d share my take on the Pakistan-China relationship and what came out of PM Sharif’s recent Beijing trip. I’m saying this because I’ve got a ...
How a Major Shift in Chinese Lending is Backfiring Across the Global South
Chinese lending is increasingly shifting from boosting development to helping indebted countries keep the lights on. This is now adding to debt distress across the developing world. AidData, a research group at the College of William and Mary focusing on Chinese lending, ...
Public Editor of Uganda’s Daily Monitor Newspaper Acknowledges Errors in Entebbe Airport Coverage
Uganda’s Daily Monitor newspaper has for the first time acknowledged some wrongdoing in a November report that sowed panic about China seizing Entebbe International Airport. Odoobo C. Bichachi, the Nation Media Group’s Uganda Public Editor, admitted in an op-ed on Friday that the article was misleading. ...
China Exim Bank’s Controversial Loan to Expand Uganda’s Entebbe Airport
New research from AidData at the College of William & Mary in the United States provides the first insight into the loan contract between China Exim Bank and the Ugandan government for the expansion of the Entebbe International Airport. ...
Uganda’s Entebbe Contract is Aggressive, But Is It Unique?
Media coverage of the Uganda Entebbe Airport loan is focusing on what the research lead Bradley Parks has called China Exim Bank's "aggressive" loan tactics. Parks' unit at AidData showed that the Entebbe airport won't be seized in the case of ...
Entebbe Airport Clarification Draws Lackluster Media Response
Last December, the Daily Monitor in Uganda unleashed a firestorm with an article claiming that the Entebbe International Airport was in danger of being seized as collateral for an unpaid Chinese loan. The story was poorly-sourced and ill-informed (for example, the loan in question wasn’t out of its ...
New Research Concludes Uganda’s Entebbe Airport Was Never at Risk of Being Seized by Chinese Creditors
Uganda's Entebbe International Airport was never at risk of being seized by Chinese creditors in the event of a default on the $200 million loan, according to new research by Brad Parks and Ammar Malik at AidData in the United States. ...
CARI Researchers Critique AidData’s Report on Chinese “Hidden Debt” in BRI Countries
AidData's landmark research report published last month, "Banking on the Belt and Road," generated tremendous media coverage around the world, particularly related to the report's finding that $385 billion in so-called "hidden debts" are owed to China. ...
African Borrowers Need to Wake Up to the Reality of Chinese Loans
Chinese lending to developing countries has come under sharp focus since the release of several reports that have reshaped the debate. Unsurprisingly, many news reports, like the BBC’s “China: Big spender or loan shark” are ringing the alarm bells. However, I’d argue that the reports should rather prompt new ...