After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Tag: Kristalina Georgieva
Related Posts
China Will Keep Driving Global Growth: Xi
Chinese President Xi Jinping said China will keep powering global economic expansion and that the country will meet its 5% GDP growth target. The comments come a day after the CPC politburo announced the first monetary easing in fourteen years to boost ...
IMF Chief Seeks More Details on BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday. The meeting of the BRICS -- meaning Brazil, Russia, ...
WEEK IN REVIEW: South Africa Reportedly in Negotiation With Chinese EV Giant BYD to Open Manufacturing Plant in the Country
South Africa is reportedly in negotiation with the Chinese electric vehicle giant BYD to open a manufacturing plant in the country, according to the cabinet. BYD, China’s best-selling car brand, launched its first e-vehicle in SA last year. South Africa has a robust auto-building sector, which includes a ...
WEEK IN REVIEW: Russian President Vladimir Putin Will Reportedly Travel to China in October
Russian President Vladimir Putin will reportedly travel to China to attend the Belt and Road Forum in October, his first overseas visit since the ICC issued a warrant for his arrest on alleged war crimes. The Kremlin confirmed the Russian leader will not travel to India for next ...
Saying the Quiet Part Out Loud on Africa’s Green Transition
This has been a week of revealing contrasts, so revealing that a screenwriter might find them a bit on the nose. Most prominent was the global attention focused on the underwater fate of a small group of rich people and the general ...
Analysis from Cobus van Staden
The World Bank and the IMF Are Not Aligned on China’s Response to Global South Debt Crisis
Just a few days after International Monetary Fund Managing Director Kristalina Georgieva said real progress is being made in unblocking the impasse between China and developing countries over debt relief, her counterpart at the World Bank, David Malpass, conveyed a very different message on Bloomberg Television.
With Chinese Assurances, IMF Chief Expresses New Optimism Zambia Debt Deal Now Imminent
The head of the International Monetary Fund, Kristalina Georgieva, expressed renewed confidence that China, together with Zambia's other major creditors, is close to finalizing a debt deal that will clear the way for a $1.3 billion IMF emergency financial package.
China Now Getting Serious About Global South Debt Relief Because “They Are Now Being Burned” Says IMF Chief
The head of the International Monetary Fund (IMF), Kristalina Georgieva, is once again signaling that China is now serious about participating in multilateral debt restructuring efforts for the world's poorest countries. Georgieva said on Monday that Beijing's reluctance to accept losses ...
Debt Standoff At IMF, World Bank Spring Meetings
Finance ministers from around the world have descended on Washington DC for the World Bank and International Monetary Fund’s Spring Meetings. The Chinese government has confirmed that a top-level Chinese delegation will attend in person -- the first time since the COVID pandemic.
IMF, World Bank Losing Patience With China Over Debt Relief Standoff
China's ongoing stand-off with multilateral lenders over debt relief terms for developing countries will be a prominent issue at International Monetary Fund and World Bank's annual week-long gathering known as the Spring Meetings that get underway on Monday in Washington, D.C. ...
World Bank President Renews Calls for China to be More Transparent in its Lending Practices
The outgoing president of the World Bank, David Malpass, again expressed his concern about the opacity of China's lending practices to developing countries. He told the BBC that Beijing needs to be "more transparent." Malpass's comments are the latest in a ...
IMF Head Kristalina Georgieva Will Go to Beijing in Bid to Break Debt Relief Impasse With China
International Monetary Fund Managing Director Kirstalina Georgieva will travel to China at the end of this week for a visit that will be closely watched by finance ministries throughout the Global South. The primary purpose of Georgieva's trip is to deliver keynote ...