Tag: China Development Bank
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WEEK IN REVIEW: DRC Considers Extending Cobalt Export Ban as Prices Soar
The Chinese electric vehicle giant BYD reportedly plans to double its annual sales outside of China to more than 800,000 cars in 2025. The company’s chairperson, Wang Chuanfu, said it plans to evade tariffs by expanding local assembling and that it sees “great opportunities” in Latin America and ...
Chinese Lending to Africa is Way More Complicated Than You Think
It's widely believed that Chinese lending to African countries is predominantly done by a few state policy banks, such as the China Exim Bank and the China Development Bank. While that was true in the past, today the situation is far ...
Sri Lanka Approves Controversial Foreign Debt Deal
Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday. Former leader Ranil Wickremesinghe announced a deal with international sovereign bondholders and the China Development ...
African Deals Signed in Beijing Reveal Resurgence in China-Africa Relations
Kenya signed a $280.9 million loan agreement with China Development Bank to refurbish rural roads. The deal will tackle fifteen different road projects across the country. Kenya's Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, signed the agreement in Beijing late ...
Navigating Risk and Relationships: Chinese Loans to Africa in 2023
By Diego Morro, Victoria Yvonne Bien-Aimé and Lucas Engel This week, African and Chinese leaders are gathering in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation amid significant anticipation from observers about the summit’s key priorities and whether ...
How Is Chinese Investment in Latin America Changing?
In the past decade, Chinese investment into Latin America has so often been characterised by large infrastructure projects: roads, railways, dams and ports, among others, frequently backed by state finance, and in many countries arriving under the banner of the Belt and Road Initiative. But in recent years, ...
Chinese Firms Branch Out from Relying on Development Finance in Latin America and the Caribbean
By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...
The Future of Chinese Development Finance in Africa
Chinese development finance in Africa today is a small fraction of what it was a decade ago when Beijing's policy banks provided billions of dollars in loans to countries across the continent. But while those ...
Q&A: Financing a Renewables Shift in African Countries as China’s New “Small or Beautiful” Model Takes Root
If you look at the specific demands of many African countries, they are now more focused on production-related activities rather than fancy highways that lead to nowhere.
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...
Another $4 Billion on the Table? The Role of China’s Sinosure in Africa’s Debt Negotiations
By Oyintarelado Moses On February 17, 2023, the International Monetary Fund (IMF) convened a roundtable discussion on sovereign debt restructuring, bringing together creditor and debtor stakeholders involved with ongoing and upcoming debt restructurings. Leading ...
Chinese Lending to Africa Isn’t Ending, But It Is Changing: Here’s How
The Wire China recently interviewed Deborah Brautigam, one of the world’s leading experts on Chinese lending to Africa. In their wide-ranging conversation, Brautigam referred to a few emerging trends of how Chinese financing is shifting: Deborah Brautigam on Emerging Trends in Chinese ...