Tag: Multilateral lenders
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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 ...
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African Nations Now Send More Money to China Than They Receive in New Loans
By Colleen Goko China's role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE ...
U.S. President Donald Trump disembarks Air Force One upon arrival in Miami, Florida, U.S., March 6, 2026. REUTERS/Kevin Lamarque
U.S. President Donald Trump will meet Saturday with a dozen right-wing leaders from Latin America and the Caribbean to discuss issues facing the region, from organized crime to illegal immigration. The "Shield of the Americas" summit also aims to serve Washington by boosting U.S. interests ...
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 ...
African Nations Now Send More Money to China Than They Receive in New Loans
By Colleen Goko China's role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE ...