Tag: Boston University Global Development Policy Center
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China’s Write-Off of 23 African Loans Doesn’t Move the Debt Needle: Report
China’s announcement last month that it is canceling 23 interest-free loans (IFLs) to seventeen African countries covers at most about 1% of African debt to China, according to a new study by Boston University’s Global Development Policy Center. Last month's cancellation announcement drew much media attention, but ...
Mechanisms for ‘Telling Chinese Stories Well’: Chinese Influence on Foreign Media
By James Sundquist The “Rise of China” is one of the great stories of this century. But how is this story told? Is the Belt and Road Initiative (BRI) about South-South cooperation or debt-trap diplomacy? How much attention should be paid ...
Lights On: Prospects for Renewable Energy in Southern Africa Amid Pandemic and Debt Distress
By Cecilia Springer and Magalie Masamba A November 2020 report found the Southern African Development Community (SADC) region could achieve full energy access and 53% renewable energy (RE) installed capacity by 2040 with an investment of nearly $53 billion.
Why China Won’t Fill a Development Finance Gap for Gas
By Cecilia Springer and Rishikesh Ram Bhandary At the end of May, Group of Seven (G7) countries committed to end public finance for overseas fossil fuel activities, going beyond their earlier commitment from last year to end such finance for overseas coal ...
New Insights on How BRI Funding is Changing
Several recently-published research projects added crucial new insights on Chinese lending patterns in Africa. The findings of two of these projects were unpacked by the researchers. These discussions are now available on YouTube. Key Highlights From Recent Webinars on Chinese Lending
Chinese Lending in Africa Slumps Lowest Point in 16 Years
Chinese lending to Africa has fallen sharply, but China isn’t retreating from the continent. Rather, new data from Boston University’s Global Development Policy Center show how a complex mix of global and local factors impacted the Africa-China relationship. These include the U.S.-China trade ...
$1.9 Billion in 11 New Chinese Loans to Africa in 2020
By Jyhjong Hwang and Oyintarelado Moses The 2022 update to the Chinese Loans to Africa (CLA) Database, managed by the Boston University Global Development Policy (GDP) Center, recorded 11 new loan commitments worth $1.9 billion from Chinese lenders to African government ...
Can the “Shanghai Model” Solve the Global South Debt Crisis?
During the last major Global South debt crisis in the late 1980s, the United States pioneered an initiative that bundled together all of these countries' debts into a bond that would then be re-packaged and sold to investors. These so-called "Brady ...
Banks, Not Tanks: Regaining the Spirit of Nixon’s 1972 Visit to China
By Kevin P. Gallagher and Cecilia Han Springer 50 years ago, from February 21-28, 1972, U.S. President Richard M. Nixon visited Beijing, beginning the process of normalizing diplomatic relations between the US and China. In the Shanghai Communiqué issued during that historic ...
Phasing Down Coal in the Global South
By Rishikesh Ram Bhandary and Cecilia Han Springer Although Chinese President Xi Jinping announced last year that China will no longer build new coal-fired power plants overseas, the Boston University Global Development Policy (GDP) Center’s China’s Global Power (CGP) Database shows 60 coal ...
Xi’s Pledge to Halt Building Coal Plants Overseas Sparks Mix of Excitement, Confusion, and Even Some Concern
Environmentalists around the world celebrated Chinese President Xi Jinping's announcement at the UN this week that Beijing would stop building coal-fired power plants overseas. But the news prompted concern in some of the countries where more than 20 Chinese financed coal-fired power ...