Tag: World Bank
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Tonga’s Debt to China Hinders Rebuild Four Years on From Eruption
By Ben Strang More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan. When Hunga ...
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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 ...
China’s Evolution from “Rules Taker” to “Rules Maker” in Development Finance
As China’s economic influence expands, so does its ambition to shape the very system that once constrained it. In this episode of The China-Global South Podcast, Eric speaks with Greg Chin and Kevin Gallagher from Boston University’s Global Development Policy Center about
U.S. Treasury Chief: Beijing’s Rare Earths Move Is ‘China vs World’
U.S. Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." "This should be a clear sign to our allies that we must work ...
China and the Bretton Woods Institutions
By Gregory T. Chin and Kevin P. Gallagher The global economic order is undergoing significant change, especially as it pertains to the Global South. In the 20th century, the legacy Bretton Woods Institutions (BWIs) served as one of the only sources ...
Tonga's King Tupou VI and China’s President Xi Jinping shake hands after a signing ceremony at the Great Hall of the People in Beijing on November 25, 2025. Photo by MAXIM SHEMETOV / POOL / AFP
By Ben Strang More than four years on from one of the most powerful volcanic eruptions in history, Tonga is struggling to improve its infrastructure as it pays off a massive Chinese loan. When Hunga Tonga-Hunga Ha'apai erupted on ...
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 ...
China’s Evolution from “Rules Taker” to “Rules Maker” in Development Finance
As China’s economic influence expands, so does its ambition to shape the very system that once constrained it. In this episode of The China-Global South Podcast, Eric speaks with Greg Chin and Kevin Gallagher from Boston University’s Global Development Policy Center about
U.S. Treasury Chief: Beijing’s Rare Earths Move Is ‘China vs World’
U.S. Treasury Secretary Scott Bessent slammed Beijing's rare earth export curbs Wednesday as "China versus the world," vowing that Washington and its allies would "neither be commanded nor controlled." "This should be a clear sign to our allies that we must work ...
China and the Bretton Woods Institutions
By Gregory T. Chin and Kevin P. Gallagher The global economic order is undergoing significant change, especially as it pertains to the Global South. In the 20th century, the legacy Bretton Woods Institutions (BWIs) served as one of the only sources ...
Kenya in Talks with China to Convert Debt to Yuan
Kenya’s Treasury Secretary John Mbadi said his government is in talks with Chinese counterparts to convert the denomination of its debt to China from U.S. dollars to Chinese renminbi. “The moment we move from the U.S. dollar to the renminbi, automatically, ...
Eyes Turn to China as the West Steps Back From Development
By Tim Hirschel-Burns With the notable exception of the United States, all other 192 members of the United Nations agreed on an agenda for financing the United Nations' 2030 Sustainable Development Goals’ (SDGs). In important respects, the agreement on the
Bolivia Risks Debt Default Without New Funding, Says President
Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. "We are trying not to default. We have ...
No More Time to Waste: The Imperative to Strengthen Global South Voice and Representation at the IMF
By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...
No More Time to Waste: The Imperative to Strengthen Global South Voice and Representation at the IMF
By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs), including China, account for 60 percent of global gross domestic product (GDP), they ...
Vietnam Poised to be Asia-Pacific Fastest Growing Economy in 2026: World Bank
Vietnam is poised to become the fastest-growing economy in the Asia-Pacific region in 2026. The World Bank projects a GDP growth rate of 6.3%, followed by the Philippines at 6% and Indonesia at 5.1%. In its latest ‘Global Economic ...
World Bank Boosts China’s Growth Forecasts, Calls for Structural Reforms
The World Bank has revised its growth outlook for China upward but warned that the country must implement bold structural reforms to address persistent economic vulnerabilities. In its December 2024 China Economic Update, the World Bank forecasted GDP growth ...
Three Big Global Questions on the IMF and World Bank’s Agenda
By Tim Hirschel-Burns The World Bank and the International Monetary Fund (IMF) are not the only places where global economic decision-making takes place, but arguably, no other institutions combine such global scope and implementation power. The United Nations (UN) serves as ...