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A meeting of finance ministers and central bank heads of the G20 group of leading economies produced few results despite increasingly shrill calls for action to help the roughly 50% of developing countries stalked by debt distress. Progress at the ministerial meeting, ...

Paris Summit Takes Triple Aim at Debt, Climate, Development

The Summit for a New Global Financing Pact, aimed at reforming the increasingly dysfunctional development financing system, kicks off in Paris on Thursday. Its aims are huge. In the words of Catherine Colonna, the French Minister of Europe and Foreign Affairs, the goal is ...

China Hints It May Not Back U.S. Nominee to Lead World Bank

Ajay Banga's candidacy to become the next president of the World Bank encountered turbulence when the Chinese government hinted that it would oppose his nomination. Banga spent the day in the Chinese capital on Wednesday, meeting with Finance Minister Liu Kun, ...

World Bank Nominee Meets Head of China-led Asian Infrastructure Investment Bank

World Bank President-nominee Ajay Banga met with the head of the Chinese-led Asian Infrastructure Investment Bank (AIIB) on Wednesday during his brief trip to Beijing. The AIIB released a short statement after the meeting that said the two discussed "how the ...

World Bank President Nominee in China for Critical Meetings With Finance Leaders

Ajay Banga arrived in Beijing on Wednesday for the latest stop in his worldwide job interview to become the next president of the World Bank. Banga is scheduled to meet with Chinese Finance Minister Liu Kun, various leaders from the People's ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...