Tag: common framework

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Nigerians’ (Misplaced) Anxiety About Chinese Debt

For years, Nigerian politicians and media reports have issued breathless warnings about the dangers of becoming too indebted to China, fearing the dreaded "debt trap" and the risk of surrendering the country's strategic assets. While ...

This Year Could See a Dozen Debt Defaults Warns Top World Bank Economist

As many as twelve countries could default on their loans this year, a senior World Bank economist warned in a blog post on Monday. Marcello Estevão, the WB’s Global Director for Macroeconomics, Trade and Investment, said the crisis in Ukraine is a final shock ...

G20 Again Pays Lip Service to Developing World Debt Relief But Still Refuses to Do Anything To Resolve the Crisis

Finance ministers and central bank heads from the world's twenty largest countries wrapped up their latest get-together in Jakarta on Friday without any meaningful progress on the burgeoning debt crisis in developing countries.  Instead, everyone seemingly blamed everyone else ...

As the World Forgets About the Debt Crisis, More African Countries Struggle to Stay Afloat Amid Rising Servicing Costs

Last year at this time, expectations ran high that Africa's largest creditors in Beijing, and among the Paris Club members were all motivated to restructure their outstanding loans to reduce the burden on some of the world's poorest countries.  Well, it ...

Debt Relief for World’s Poorest Countries Barely Mentioned at G20 Summit in Rome

Leaders from the world's wealthiest countries meeting in Rome over the weekend covered a lot of ground on everything from finalizing an agreement on a global minimum corporate tax to new climate-related commitments. But for a ...

Analysis from Cobus van Staden

The Pain of Un-Polarity

“THE G2 WILL BE CONVENING SHORTLY!”
This post by U.S. President Donald Trump in the run-up to his meeting with Chinese President Xi Jinping last week may end up leaving a more lasting mark than the actual summit he attended.

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Week in Review: Sudan Coup, Glasgow Climate Summit & G20 Debt Relief

This week Eric & Cobus discuss the Chinese response to the military coup in Sudan and how it differs from Beijing's reaction to September's coup in Guinea. Plus, Cobus explains why he's not optimistic about the outcomes for developing countries from ...

China and the G20’s New “Common Framework” For Debt Relief

One of the highlights from the latest G20 summit was the group's endorsement of a so-called "common framework" that would create a set of standards for countries not eligible for the Debt Service Suspension Initiative (DSSI). Officials at the U.S. Treasury who championed the idea said the ...