Tag: World Bank
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What It Takes to Build a Successful Chinese Agricultural Partnership in Mozambique
One of the most prominent themes to emerge from all those Africa summits that take place around the world is the importance of replacing traditional aid programs with new private-sector-led trade and investment initiatives, specifically public-private partnerships (PPPs).
World Bank Chief’s Criticism of AfDB Lending Practices Also Reflects Broader U.S. Anxiety About Chinese Debt in Africa
Officials at the African Development Bank (AfDB) are still smarting over last week's comments by World Bank president David Malpass who accused the AfDB of having “a tendency to lend too quickly and add to the debt problem of the countries" on the ...
Kenya Looks Beyond China for New Sources of Development Finance
Since the new year, Kenya has taken some rather bold steps to reduce its borrowing costs and ensure that new loans are "fairly priced." The Treasury is seeking to refinance large portions of its current debt that's priced at commercial rates into more affordable concessionary loans. Separately, ...
The “Good vs. Bad” Framing of Chinese Development Finance
Friday's FT article by correspondent Steve Johnson on the merits of Chinese development financing provoked considerable discussion online this weekend about the key issues raised in the story and how the topic is framed in simple "good vs. bad" terms. ...
World Bank: China Sinks Further Into Debt While Investors Seem to Love Buying African Sovereign Bonds
On average, the external debt burden of low and middle-income countries remains moderate. The ratio of external debt to GNI averaged 26 percent at the end of 2018, unchanged from the prior year average, and the ratio of external debt-to-export earnings improved slightly.
[AUDIO] The UN's Role in China's African Development Agenda
For decades, the aid and development sectors in Africa have been dominated by Western countries who have channeled billions of dollars through international organizations like the World Bank, IMF and the United Nations. Today, amid anemic economic growth in the U.S. and Europe combined with ...
China's Undeserved Reputation for Building Bad Infrastructure in Africa
The Chinese build more infrastructure in Africa than any other country (foreign or African). Chinese banks are financing billions of dollars in new loans, aid packages and other deals to build badly-needed infrastructure across the continent and it's Chinese companies ...
China, Africa and the PRC's Massive New Development Bank
57 countries including two from Africa, are among the founding members of China's new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank's primary objective will be develop infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed ...
The BRICS Bank: China's Drive To Shake Up Development Finance
Brazil, Russia, India, China and South Africa (aka the 'BRICS') are moving forward with an ambitious plan to shake up the clubby world of development finance. The new BRICS bank announced over the summer 2014 is expected to have a profound impact on the ...
China's Most Famous Economist Has a Few Suggestions for Africa
In the staid world of economics, Justin Yifu Lin is the closest one comes to being a bonafide celebrity. Lin is the former chief economist of the World Bank and, more importantly, among the lead architects of China's three-decade-long economic renaissance that has produced ...
China in Africa: The Transparency Paradox
Transparency is a loaded word in the development business. The idea that aid and investments in places like Africa should be subject to external audits and review is a sacrosanct principle within the industry. Never mind the irony that organizations like USAID, the United Nations and the World Bank among ...