The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Tag: CGD
Related Posts
Gyude Moore: Future of Global Development Finance System at Risk if China Wins Stand-off With IMF, World Bank
If China is successful in its effort to force multilateral development banks (MDB) like the World Bank and the International Monetary Fund to accept the same kind of writedowns (known as 'haircuts') on loans to poor countries as other lenders, it would endanger the entire global development ...
Four Months Later, Chinese Scholars Respond to Critical Lending Report
It took a while but Chinese scholars have finally responded to a groundbreaking report published on March 31st by a group of four U.S. and European think tanks that details the contents of Chinese loan contracts. Huang Meibo and Niu Dongfang, ...
The DRC Wants to Renegotiate Some of Its Chinese Contracts. Hopefully, for Their Sake, They Read the Fine Print.
DR Congo President Félix Tshisekedi apparently wants to renegotiate some of the contracts that his predecessor, Joseph Kabila, signed with the Chinese, according to a report by Africa Intelligence. Argentina too, like the DRC, tried to ...
How China Lends: A Landmark Report on Chinese Loan Contracts
A groundbreaking new analysis by researchers in the United States and Germany provides an unprecedented look inside the contracts that China uses to lend billions of dollars to developing countries around the world. The new ...
What do Recipient Countries in Africa and Other Regions Think of China’s Foreign Aid?
China's foreign aid programs are still relatively new and poorly understood. Until the launch of China's new aid agency in 2018, aid initiatives, most of which went to Africa, were handled by the secretive Ministry of Commerce (MOFCOM). Now, two years ...
