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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 ...
Thailand Worries of Losing Spot As China’s Top Durian Supplier
Analysts estimated that about three decades ago, Thailand sent to China its first batch of fresh durians – the pungent, spiky fruit native to Southeast Asia. Since then, Thailand’s Monthong durian’s creamy and custard-like texture has dominated the Chinese palate. “Thai ...
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 ...
Are the BRICS a Bloc? A Group? A Threat? It All Depends on Where You Sit.
If you haven't watched Netflix’s popular TV show, the Diplomat, do not worry. In 2023, international diplomacy in the real world seems more thrilling and dramatic. With the approaching of this year’s BRICS (i.e., Brazil, China, India, South Africa, and Russia) Summit to be held in Johannesburg, ...
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 ...
If You Lead a Developing Country and Want to Borrow Money From China, Then Listen to This Podcast
The days of China easily handing out billions of dollars to build infrastructure in developing countries around the world are now over. The Chinese can't afford it anymore and many of the borrowing countries just don't have the capacity to take ...
Understanding China’s Role in the Developing World Debt Crisis (Part 2)
The widely debunked Chinese debt trap narrative re-surfaced again in Washington, D.C. when the top U.S. military commander for Africa General Michael Langley testified before Congress -- highlighting the urgent need for better information about Chinese lending practices in developing countries. ...
Update on China’s Role in the Burgeoning Global South Debt Crisis
There was a lot of excitement earlier this month at the IMF and World Bank's annual gathering in Washington, D.C. about rumors that the impasse between China and multilateral development banks (MDBs) had been resolved. That stalemate between the Chinese and ...
China’s Small but Important Role in Ghana’s Debt Crisis
China's share of Ghana's $55 billion public debt is quite small at just $1.7 billion or 3% of the total, but Beijing nonetheless plays a critical role in Accra's efforts to revive its economy. The Ghanaian government needs China's support in ...
Africa’s Role in China’s Evolving Geopolitical Priorities
It's been a momentous past two weeks for Chinese foreign policy with major a breakthrough in the Sri Lanka debt impasse and the landmark announcement that Beijing helped to broker the restoration of ties between Iran and Saudi Arabia. Meantime, China ...
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.