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China-IMF Impasse in Sri Lanka “Has to be Broken, One Way or Another,” Says Debt Expert

Brad Setser, a senior fellow at the Council on Foreign Relations and a noted sovereign debt expert, wrote a brief analysis of why the China Exim Bank's offer of a two-year debt moratorium is "insufficient". (The following transcript has been lightly ...

Zambia’s President Hichilema Clarifies Chinese Loans’ Role in Debt Crisis

As Ghana sinks into debt distress, many are looking to Zambia’s debt restructuring process for clues on how China will feature. Zambia’s President Hakainde Hichilema provided a glimpse into his government’s thinking about Chinese debt at a Council on Foreign Relations event ...

A CFR Virtual Conference on China’s Growing Footprint in Africa

The Council on Foreign Relations in New York organized a virtual conference this week to discuss U.S. perspectives on "China's Growing Footprint in Africa." The first part of the discussion focused largely on comparing/contrasting U.S. and Chinese economic development strategies on the continent ...