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Constructive Responses to Net Negative Transfers: What Next for China’s Financial Relationship With Low-Income Countries

By Rebecca Ray In the last few years, China’s net debt transfers (new disbursements minus repayments) to low-income countries have turned negative. This trend means that poor countries are now repaying China more each year for past years’ lending than they ...

Zambia Reaching End of Debt Restructuring Process

Zambia will soon be eligible once again for foreign financing as its debt restructuring negotiations are nearing the end, a French diplomatic source said Tuesday. France, which, along with China, heads the committee of public sector creditors for Zambia, was earlier ...

Making Sense of Competing Narratives on Debt and Climate Change

By Tim Hirschel-Burns If you are a casual observer trying to keep up with the news on sovereign debt right now, you have every right to be confused by last month’s stories. According to Bloomberg, ...

WEEK IN REVIEW: Zambia Debt | Lula’s China Diss | China-Africa Journalism

Zambia suffered a major setback this week in its nearly three-year odyssey to restructure $32 billion of debt when the country's bilateral creditors led by China and France pushed back against bondholders. Plus, Brazilian President Luiz Inácio Lula da Silva issued ...

Sri Lankan President Upbeat About Debt Deal Amid Geopolitical Pressure

Sri Lankan President Ranil Wickremesinghe confirmed that Sri Lanka plans to announce a plan to deal with its domestic debt this week, in line with IMF benchmarks. In an interview with France24, he dismissed fears that China is delaying the process, after Chinese creditors didn’t join official debt talks in April. ...

Analysis from Cobus van Staden

2026: Africa-China Relations in a World Shaped by North-South Geopolitics

When talking about Africa–China relations, one is always moving along a sliding scale. There are myriad interactions with Chinese entities that concern only individual African countries, segueing into trends affecting the whole continent and sliding further into global dynamics shaping the developing world, of which Africa is the heart.

The Africa-China relationship is its own thing, but Africa’s fate can’t easily be separated from factors affecting the wider Global South, ...

Welcome to the New Era Where China Writes the Rules

Everyone's hailing the Zambian debt restructuring agreement that was unveiled on Friday in Paris as a major breakthrough in debt relief for the world's poorest countries. While we don't have a lot of information about what's specifically stipulated in the deal, ...

U.S. Treasury Secretary, Chinese Premier Both Scheduled to Attend Global Financial Conference in Paris

U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are both scheduled to attend the Summit for a New Global Financial Pact in Paris next week, where debt relief for the world's poorest countries is expected to be high on the agenda.

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. 

China Should Not Compromise With Western Creditors in Zambian Debt Relief, Says Prominent Scholar

Zambia’s debt renegotiation is being delayed by barriers within China’s banking system and by Western pressure. So says Professor Tang Xiaoyang, a prominent expert on Chinese overseas development finance and the director of the Department of International Relations at Tsinghua University, in an interesting interview with the ...

China Unexpectedly Backs Sri Lanka Debt Plan, Clearing the Way for Desperately-needed IMF Rescue Funds

After months of delays and obfuscation, the China Exim Bank suddenly and unexpectedly reversed course this week and agreed to fully support Colombo's debt restructuring plan. President Ranil Wickremesinghe broke the news on Tuesday when he told parliament that China Exim would ...

Senior U.S. Diplomat Criticizes China’s Role in Sri Lankan Debt Restructuring

Yet another U.S. government official has added to the war of words between Washington and Beijing on debt restructuring. Ramin Toloui, Assistant Secretary for the Bureau of Economic and Business Affairs at the US Department of State, was asked about China’s ...

A Call for the African Union to Break the Global South Debt Impasse

Gyude Moore, a senior policy fellow at the Center for Global Development, is among a small group of Washington, D.C.-based analysts trying to devise practical solutions for how developing countries can unblock the current impasse preventing debt-distressed countries from restructuring their loans.
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