Tag: debt restructure

The Paris Club of wealthy creditor states announced a breakthrough in debt repayment talks with Angola, providing Luanda debt service relief through the end of the year. According to a statement published by the Paris Club on ...

China's former ambassador to Kenya and the new head of the African Affairs Department at the Ministry of Foreign Affairs, Wu Peng, laid out his agenda in a recent column published in the state-run China Daily newspaper. There ...

U.S. Treasury Secretary Steven Mnuchin hosted a teleconference with his fellow finance ministers from the Group of Seven rich countries on Monday and the burgeoning debt crisis in the world's poorest countries was high on the agenda.  The finance chiefs called ...

High-level representatives from the African Union (AU) Commission, the United Nations Economic Commission for Africa (UNECA), Africa Centers for Disease Control and Prevention (Africa CDC) as well as officials from China and various African countries met on Tuesday to discuss the "fight against the pandemic in Africa." ...

On July 15, 2019, Ilyas Moussa Dawaleh, Djibouti's Minister of Economy and Finance, tweeted to announce that the restructuring of China's ExIm Bank loan for the construction of the Djiboutian section of the Djibouti-Addis Ababa railway line would be completed even though "a few small details" ...

The Financial Times newspaper deserves a lot of credit for calling out the world's wealthiest governments for their glaring hypocrisy on the issue of African debt relief. While treasuries in the U.S., Europe, Japan, and China come up with new creative solutions to insulate their ...

In a Q&A session broadcast on Twitter, China's influential ambassador to the United Kingdom, Liu Xiaoming, admitted publicly that Beijing prefers to work with borrowers bilaterally rather than through multilateral organizations because it's "more effective."

The Firoz Lalji Centre for Africa at the London School of Economics recently convened a discussion on the public policy implications surrounding COVID-19 and debt relief in Africa. Dr. Shirley Yu from LSE and the Harvard Kennedy School provided a robust articulation of the Chinese position on ...

Critical debt restructuring talks between China and Kenya have stalled over Nairobi's sudden decision to participate in the G20's debt service suspension initiative (DSSI) after all. Previously, the Kenyan government said it would not participate in the G20 program because it is too restrictive and prevents the ...

Professor Carlos Lopes from the University of Cape Town is challenging the widely-held perception that Africa is very important to China's broader global economic agenda. Well, they're wrong, he said in a recent interview with Zimbabwean newspaper publisher Trevor Ncube.

South African Finance Minister Tito Mboweni issued a dire warning to the parliament on Wednesday about the country's debt crisis. With South Africa's debt-to-GDP levels breaking new records this year and forecast to grow to 82% in the next few months, Minister Mboweni compared the debt ...

It's been a challenge to follow the progress of China's debt relief negotiations in Africa, since neither side seems willing to reveal much about the ongoing talks. But several months into the current economic crisis, it's becoming increasingly evident the quick fix across-the-board package that so many ...