Tag: loans
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Africa Check (Again) Tries to Debunk Misperceptions About Nigeria’s Debts to China
Concerns over Chinese debt sustainability in Nigeria have resurfaced recently due to the government's jump-starting the construction of a $5.3 billion standard gauge railway that will be built and financed through concessional lending by the Chinese government. Also, a ...
G20 Suspends Debt Repayments For Another Six Months
The G20 is providing developing countries with yet more breathing room to repay their debts. G20 finance ministers and central bank chiefs met yesterday and announced that it would extend the Debt Service Suspension Initiative by another six months from June through December.
How China Lends: A Landmark Report on Chinese Loan Contracts
A groundbreaking new analysis by researchers in the United States and Germany provides an unprecedented look inside the contracts that China uses to lend billions of dollars to developing countries around the world. The new ...
Disclose the Debt!
If you’re into curling up with a cup of coffee and an 85-page report on Chinese lending, you can’t go wrong with AidData’s How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments (PDF). One of the most striking findings in ...
New CARI Report on Chinese Lending to Africa Doesn’t “Tell the Whole Story” Says Well-Known Chinese Analyst
The China-Africa Research Initiative's (CARI) latest report on the downturn in Chinese overseas lending to African governments that was published earlier this week was not well-received in some quarters of Beijing. Song Wei, a well-known Africa analyst who used ...
New Report on Chinese Loans Challenges China’s “Win-Win” Narrative
The release of Wednesday's groundbreaking report that analyzed 100 Chinese state-backed loans to developing countries over a three-year period sparked considerable international media coverage. While the 77-page report produced by researchers at AidData, the Washington-based Center for Global Development (CGD), ...
A Groundbreaking New Report Provides Unprecedented Insights Into Chinese Lending Practices Around the World
A new report provides an unprecedented view into Chinese loan contracts with dozens of governments throughout the Global South. Researchers from AidData, the Kiel Institute, and the Center for Global Development analyzed 100 contracts between Chinese state-owned entities and government borrowers in 24 countries and then compared ...
Michael Pettis: China’s Dramatic Curtailment in Overseas Lending Shows That Beijing is Learning the Same Lesson Today That Other Creditors Learned Years Ago
Acclaimed China economist, Peking University professor, and Carnegie Senior Fellow Michael Pettis posted a 7-part Twitter thread on Tuesday where he reflected on the new data published by the China-Africa Research Initiative at Johns Hopkins University that shows a dramatic cutback in Chinese ...
Nigerian Minister Blames “Selfish Lawmakers” for Jeopardizing Chinese Railway Loans
Nigeria's outspoken Transportation Minister Rotimi Amaechi accused lawmakers in the House of Representatives of being "selfish" for launching a probe into a 2018 Chinese loan agreement. Representatives erroneously thought that the waiver of a sovereign immunity clause in the loan contract ...
The Shifting Landscape of Chinese Financing to Africa
Today we feature a fascinating discussion with Deborah Brautigam and Kevin Gallagher, two of the world’s foremost experts on Chinese lending to the Global South. The conversation provides a glimpse of an emerging landscape: how Chinese influence will shift, and how those shifts will impact the Global ...
China’s Rapidly Evolving Lending Practices in Africa and the Americas
It wasn't that long ago when China lent tens of billions of dollars to developing countries in Africa and the Americas to build vast amounts of badly-needed infrastructure. Now, it appears, those days are over. ...
New Research Reveals China’s Pulling Back on Loans to Africa
China is steadily pulling back the reins on its lending practices in Africa, according to a new report published on Monday by the China-Africa Research Initiative (CARI) at Johns Hopkins University. Researchers Deborah Brautigam and Kevin Acker found that Chinese loans to African public ...