Tag: finance
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Sri Lanka’s Creditors Demand Deal Details, Including With China
Sri Lanka's bilateral lenders, who agreed to restructure close to $6 billion in loans, have demanded "comparability of treatment" with other creditors, including China. A statement seen by AFP on Thursday read that the Official Creditor Committee (OCC), led by Japan, ...
The Case for Early Retirement of Chinese Financed Overseas Coal Plants
By Cecilia Springer China leads the world in domestic renewable energy installation and low-carbon manufacturing and is increasingly positioning itself as a climate leader through its development financing in the Global South. However, China ...
Who Will Succeed Amidst Global Economic Fragmentation?
By Lukas Fiala It’s hard to go a day without reading about new economic security measures on either side of the Atlantic. From EU tariffs on Chinese electric vehicles to the U.S. Treasury’s sanctions on China’s dual-use trade with Russia, the ...
IMF Releases Sri Lanka Loan Despite Restructure Delays
The International Monetary Fund released $336 million as part of a bailout loan installment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting ...
The Future of Chinese Development Finance in Africa
Chinese development finance in Africa today is a small fraction of what it was a decade ago when Beijing's policy banks provided billions of dollars in loans to countries across the continent. But while those ...
What Kenya’s State Visit to the U.S. Reveals About Winning Over the Global South
By Lucas Engel Kenyan President William Ruto’s recent state visit to Washington, DC underscored considerable alignment between the U.S. and Kenya. The experience will likely boost U.S. policymakers’ confidence in the ability of the U.S. to compete with China in ...
Maldives Gets IMF Debt Warning as More Chinese Loans Loom
The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China. Since winning office last year, President Mohamed Muizzu has reoriented the ...
All Hands-on Deck Needed for Development Finance—including China
By Tim Hirschel-Burns Many people in the development finance community migrated up the United States' eastern seaboard over the weekend. Last week, the International Monetary Fund (IMF) and World Bank Group Spring Meetings took place in Washington D.C., while this week ...
Bridging the $3 Trillion Investment Gap: Debt Relief and the Race to Achieve the SDGs and Paris Agreement
By Marina Zucker-Marques This week, policymakers, civil society leaders, researchers, and others will gather in Washington, D.C., for the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings. The meetings come as many ...
What 22 Years of China-Africa Trade, Development Finance, and FDI Reveals About Renewable Energy Support for African Countries
By Oyintarelado Moses Energy access and transition are prominent development objectives in African countries. Across the continent, 43% of the population does not have access to electricity and 670 million people lack access to ...
Tang Xiaoyang on Why the U.S., Not China is to Blame for Africa’s Debt Problems
While many in the West still contend Africa's worsening debt crisis is largely due to excessive Chinese lending, Tsinghua University Professor Tang Xiaoyang argues that accusation just isn't true. Instead, the well-known China-Africa scholar contends ...
China’s Potential as a Reliable Partner for Coal Plant Phase-Down in Africa
By Niccolò Manych and Tsitsi Musasike The future of the electricity system lies in renewables, both globally and in Africa. Although a green energy transition has multiple benefits for African nations, many continue to ...