Tag: Chinese loans

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Shaping Tomorrow: How China and Africa Are Negotiating a Shared Future

By Gaia Guatri Lagos—At 7:30 a.m., the light rail hums above the gridlock, gliding through the haze of exhaust and early heat. Built by the China Civil Engineering Construction Corporation (CCECC) and financed through Chinese loans, the sleek blue carriages slice ...

IMF Warns Kenya Over Risks of Converting Debt to Yuan

The International Monetary Fund cautioned Kenya over the dangers of converting U.S. dollar-denominated loans to new loans priced in Chinese yuan. In October, Kenya announced that it plans to convert the remaining $3.5 billion of debt owed to the China Exim ...

Kenya’s Chinese Debt Swap Comes With a Hidden Currency Risk

The Kenyan Treasury last month announced a breakthrough in its years-long effort to restructure billions of dollars still owed to the China Exim Bank that were used to build the Standard Gauge Railway. The two ...

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This ...

Inside the Fine Print: Understanding Finance Contracts in Chinese-supported Power Projects

Every power plant begins long before a single shovel hits the ground. Before turbines are ordered, before concrete is poured, and well before the lights ever flicker on, a dense legal and financial architecture must first be assembled. For state-backed Chinese infrastructure projects in Africa, that ...

Analysis from Cobus van Staden

Confusing Developments in “Development”

This week I’m in Brussels, where I took part in a workshop on how the EU should shape its development strategy in response to China’s global influence.
I have joked in the past that it feels like I’ve attended this same ‘EU, Africa, and External Development Partners’ conference for ten years straight. 

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China and Vietnam Sign Raft of Cooperation Agreements

China and Vietnam signed 45 different cooperation agreements during Chinese President Xi Jinping’s state visit to the country. While the full details of the deals have not yet been released, they demonstrate a determination to expand cooperation across numerous fields.

China Considering New Loan Terms for Bangladesh: Media

The Bangladeshi media is reporting that China has “agreed in principle” to extend the repayment period of a loan from 20 to 30 years. This follows a meeting between Bangladesh’s Foreign Adviser, Touhid Hossain, and Foreign Minister Wang Yi on Tuesday. Bangladesh ...

Details of Kenya’s New Chinese Loan Emerge

Kenya will use a new loan from China to advance work on 16 different road projects, said a senior Treasury official. Kenya signed a new $279 million loan agreement with China Development Bank on the sidelines of the Forum on China-Africa Cooperation in September.  ...

Attention Shifts to Chinese Debt Following Ethiopia’s IMF, World Bank Deals

This week, the Ethiopian government struck a pair of deals with the International Monetary Fund (IMF) and the World Bank that will pave the way to restructure the country's $29 billion external debt, a quarter of which is owed to Chinese creditors.

China Commits $49 Million for Burkina Faso’s Donsin Airport Solar Power Plant

The Chinese loan also comes at a time when Burkina Faso is seeking to improve its relations with international partners following the 2022 military coup and the ongoing geopolitics between Russia, the U.S., China and France.

What the Past Tells Us About the Future of the BRI

There's a widely-held perception in many parts of the U.S., Europe, and India that debt and geopolitics have led to the demise of China's Belt and Road Initiative (BRI). But a landmark new study from AidData proves otherwise, revealing not only ...

Philippines Drops Railway Funding Request from China Amid South China Sea Disputes

The Philippines is dropping its request for Chinese loans to fund three railway projects totaling more than $5 billion. The decision comes as recent tensions between the two countries in the South China Sea have hit fever pitch. Manila, which said ...
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