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 ...
Nicholas Burns. Image - Harvard University
Former U.S. ambassador to China, Nicholas Burns, on Saturday delivered the opening address at the Harvard College China Forum, where he presented the case for deeper engagement between the two major powers. The speech would have been great if it were 2015. ...
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 ...