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Lots of Talk, Little Consensus and No Action Following G20 Debt Roundtable Discussion Among G20 Finance Ministers
The world's most powerful finance ministers, central bank heads and development finance leaders met on Saturday in Bengaluru, India for a highly-anticipated roundtable that many hoped would unblock the current impasse on debt relief for poor countries. While debt ...
WEEK IN REVIEW: South Africa: Naval Drills | Ghana: Debt Crisis | DRC: Mining Contracts
Controversial joint naval exercises among South Africa, Russia, and China got underway this week off the coast of KwaZulu-Natal, prompting a fierce backlash from critics who blasted Pretoria for legitimizing Russia on the first anniversary of its invasion of Ukraine.
Wang Huiyao on China’s ‘Misunderstood Foreign Policy’
Senior-level Chinese stakeholders often contend that one of the main reasons for today's heightened geopolitical tensions between China and the West is due to "misunderstandings" of its foreign policy objectives by outsiders. Chinese distrust is ...
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 ...
What the New Port of Lekki in Nigeria Tells Us About the Future of Chinese Infrastructure Finance in Africa
China is no longer in the game of providing African countries with enormous loans to finance large-scale infrastructure projects. In fact, BRI financing last year for projects in Africa plunged more than 50% to just $7.5 billion.
What’s Driving the Steady Decline in Chinese Overseas Development Lending?
There was a time when Chinese lending to developing countries rivaled the World Bank. Those days are now long gone as Chinese overseas development lending has been on a steady downward trajectory.
A New Era of U.S. and Chinese Engagement in Africa is Now Underway
This was a big week for both the U.S. and China in Africa as both major powers' new, more robust engagement strategies were on full display. For the U.S., two cabinet secretaries toured the region this week, while Chinese officials in ...
China’s Overseas Development Finance Totaled $10.5 Billion in 2020-21, Lowest in Recent Years
By Rebecca Ray After providing a staggering amount of finance for overseas development projects in the wake of the global financial crisis, Chinese overseas development finance has been on a general downward trend for several years. New data shows the pandemic ...
China-Global South in 2023: Our Views on What to Expect
Eric Olander, Editor in Chief China's efforts to build a parallel international order are going to accelerate in 2023. Led by a new foreign policy team that will assume office in March, Xi Jinping's new Global Development Initiative will take shape, ...
The 2022 Africa-China Year in Review With Gyude Moore
Chinese trade with Africa is widely expected to break yet another record in 2022, while Chinese lending to countries across the continent fell again. Meantime, African leaders this year also forcefully pushed back against both the U.S. and China to avoid ...
New Report Debunks Chinese Debt Trap Narrative in Sri Lanka
The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the ...
Letter to the Editor: A Critique of 金中夏’s (“Chinese Summer in Finance”) Views on Chinese Debt in Africa
Dear China-Global South Project Editors, I read the China-Global South Daily Brief of 8 November 2022 and came across the paper by Jin Zhongxia whose name 金中夏prompted the title of this letter to the editor. I, of course, agree with ...