Tag: resource backed loans

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Researchers Challenge Boston University’s “Porous Dataset” That Purportedly Showed a Plunge in Chinese Overseas Lending

A pair of researchers from Central Asia are questioning the findings of a new dataset produced by Boston University's Global Development Policy Center (GDPC) which purportedly shows a sharp drop in Chinese overseas lending. Among the key ...

China’s Role in Africa’s Economic Transformation

Over the past 20 years China has played a pivotal, arguably indispensable role in Africa's economic development. China is by far Africa's largest bilateral trading partner, a major source of foreign investment and a vital player in helping Africa to close ...

Understanding the True Extent of Zambia’s Total Debt

There's been a lot of confusion in recent weeks about just how much Zambia owes its creditors. Most international news coverage focuses on the amount of external debt, believed to be around $12 billion, but that's less than half of what the country owes when other creditors ...

Venezuela and the Chinese Debt Crisis in Africa

Even before the current economic crisis brought on by the COVID-19 pandemic there were widespread concerns about Chinese lending practices in Africa. The U.S. and other critics contend that Beijing is employing a predatory lending strategy where it intentionally loads up ...

China Is Now a Key Player in Zambia’s Worsening Debt Crisis

We'll know next week if Zambia is going to be the first African country this year to default on part of its debt, or if it'll get the repayment reprieve it's been asking for. It's clear that the country's financial fate now largely rests with China.

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, ...

One Way or Another Someone’s Going to Pay For Africa’s Debts

A new poll of young Arab nationals in North Africa and the Middle East revealed the kind of numbers that give people like Angela Merkel and Emmanuel Macron nightmares. 87% of the 18-24 years old surveyed expressed concerns about unemployment and ...

“Unlocking the Black Box” of Chinese Development Aid: A View From France

Chinese overseas development aid and finance remains something of a mystery to many outside observers. The opacity of the Chinese system, combined with large language and cultural differences often lead international stakeholders to complain that it's difficult to distinguish between Chinese aid, concessional financing, and market-based lending/investments. ...

First, Zambia Defaulted on Part of Its Debt, Then Came the Credit Downgrade, Now the Question is What Will China Do?

Zambia's financial situation is rapidly deteriorating following last week's announcement by the government that it would default on $3 billion of Eurobond debt. Soon after, the credit ratings agency Fitch downgraded Zambia's foreign-currency bonds, immediately increasing the cost of borrowing for Lusaka. ...

Africa Debt Relief Update With Bloomberg’s Alonso Soto

Seven months into the worsening African debt crisis and still there's no prospect for any meaningful relief in sight. The situation grows even direr by the day as more countries struggle to pay for rising healthcare costs brought on by the ...

Why Africa’s Oil Exporters Should be Very Concerned About the Proposed China-Iran Mega-Deal

Iran and China are reportedly nearing completion of a wide-ranging oil-for-infrastructure deal that would pave the way for billions of dollars of Chinese investment in Iran's energy, telecommunications and financial service sectors in exchange for a 25-year supply of oil.

China Says It’ll Work With Angola on G20 Debt Relief, But Remains Vague About Status of Bilateral Loans

The Chinese government on Wednesday reaffirmed its position that it will cooperate with the G20's ongoing debt relief initiative in Africa but refused to provide any specific details about how Beijing plans to reschedule its vast loan portfolio in Africa, specifically in Angola.

Brookings Scholar Yun Sun Provides a Road Map For Chinese Debt Relief in Africa

There's growing anticipation over how China will respond to Africa's calls for debt relief amid the worsening COVID-19 crisis that is ravaging economies across the continent. So far, there have only been a few hints as to how China will proceed, ...
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