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Kenya Cuts Debt Costs With Yuan Swap as China Ties Reshape Financing
Kenya reduced its external debt-servicing costs by about $167 million after using a yuan-for-dollar currency swap linked to its debt with China. This is the first time Nairobi has specified the exact figure, after announcing the swap in October. The transaction lowered ...
Chinese President Xi Jinping attends a lay wreath ceremony at the Ho Chi Minh mausoleum during a two day state visit to Hanoi, Vietnam December 13, 2023. Vietnam is increasingly edging closer to China's model of governance, tightening state control while embracing Chinese technology and regulation. REUTERS/Thinh Nguyen
By Francesco Guarascio Vietnam is increasingly edging closer to China's model of governance, tightening state control while embracing Chinese technology and regulation as its most powerful leader in decades heads to Beijing this week, according to internal documents, public policy plans and sources. ...
Kenya Cuts Debt Costs With Yuan Swap as China Ties Reshape Financing
Kenya reduced its external debt-servicing costs by about $167 million after using a yuan-for-dollar currency swap linked to its debt with China. This is the first time Nairobi has specified the exact figure, after announcing the swap in October. The transaction lowered ...