Tag: Development
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Africa’s Debt Dilemma: The Urgent Need for More Equitable Borrowing
For the first time in years, a few African countries are venturing back into the bond market to raise funds for infrastructure and to pay down their debts. However, borrowing more from private creditors is a risky move given the difficulties ...
China and the Global South’s Merging Talking Points
Considering that we’re called “The China-Global South Project,” it’s probably not surprising that we’ve long predicted that the developing world is becoming more central to China’s global geopolitical agenda. Other analysts are coming around to this view. For example, the Asia ...
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 ...
Chinese Lending to Africa Plunges to 20-Year Low
Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...
Coups in the Sahel: Where China, U.S., and EU Should Work Together
Niger's coup leaders have been unfazed by military threats and economic blockade of food and medicine by neighboring countries and have not returned to their barracks. The unfolding coup is the latest event in ongoing chaos across the Sahel. Sudan fights a civil war, jihadism menaces the ...
BRI @ 10: Lessons From Cambodia About Chinese Investment
China's Belt and Road Initiative marked its 10th anniversary this month, prompting a lot of discussion about what's next for Beijing's controversial development agenda. While BRI spending in Africa and the Americas has plummeted in recent years that is not the ...
China’s Indispensable Role in Africa’s Railway Renaissance
Over the past 20 years, tens of thousands of kilometers of new railway lines have been built across Africa - much of it constructed and financed by China. But the days when Beijing paid big bucks to build these kinds of ...
Cambodia Must Check Chinese-Sponsored Casinos’ Operations in Sihanoukville
Cambodia’s Sihanoukville Province has seen tremendous growth in infrastructure and development in the past decade, thanks to China’s help. Tourism flourishes, spurring employment opportunities and economic activities. Unfortunately, a majority of that development comes from casinos and gambling businesses, which ...
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 ...
What a Railway in Kenya Reveals About How China Builds Things in Africa
The Kenyan government's controversial decision to end certain subsidies and raise taxes sparked days of violent protests in Nairobi. While the move sparked a massive backlash, President William Ruto nonetheless clearly felt he had no other choice if he wanted to ...
WEEK IN REVIEW: China and Zambia’s Landmark Debt Deal
After nearly two years of painful, drawn-out negotiations, Zambia finally closed a deal to restructure its bilateral external debt. The announcement was made last week at a global development finance summit in Paris and the new agreement is widely seen as ...
Reflecting On China-Cambodia’s Dara Sakor Project, 15 Years In
It was 2008 when the Cambodian government appointed the Chinese-owned Union Development Group (UDG), a subsidiary of Wanlong Group based in Tianjin, to build a $3.8 billion mega project in Dara Sakor. UDG was equipped with a 99-year lease and was ...