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G20 Wraps Up Summit With Lots of Promises But Very Little Concrete Action on Debt Relief

Debt relief for the world's poorest countries was high on the agenda at this weekend's Group of 20 summit organized by Saudi Arabia. The conference ended on Sunday with what's become standard promises to expand its Debt Service Suspension Initiative (DSSI) and calls ...

China Claims It’s Done More to Relieve Developing World Debt Than Any Other G20 Member

Chinese Finance Minister Liu Kun provided a robust defense of Beijing's participation in the G20's Debt Service Suspension Initiative and said his government is doing more than any other in the group in providing billions of dollars of debt relief to the world's poorest countries.

China and the G20’s New “Common Framework” For Debt Relief

One of the highlights from the latest G20 summit was the group's endorsement of a so-called "common framework" that would create a set of standards for countries not eligible for the Debt Service Suspension Initiative (DSSI). Officials at the U.S. Treasury who championed the idea said the ...

Dissecting the Zambian Debt Crisis and What Role China, Private Creditors Played

One week after Zambia failed to meet a deadline to repay $42.5 million on some of its Eurobond debt, African and international media are examining what went wrong and who precisely is to blame. In an appearance ...

Analyst: When the Chinese Lend Africa Money, It’s a Debt Trap But Not Apparently When Private Creditors Do

Lagos-based policy analyst Ovigwe Eguegu noted a discrepancy in how Chinese debt issuances to Africa are covered by the international media, compared to when those debts are owed to largely U.S/Europe-based private creditors. Eguegu regularly comments on ...

Analysis from Cobus van Staden

The Long Arc of Chinese Lending to Africa

The biggest headline from November’s FOCAC meeting was China’s pivot away from infrastructure funding. But like many FOCAC headlines, it needs several asterisks. In the first place, the pivot might actually be away from a particular infrastructure model (massive projects funded with large bilateral Chinese policy bank loans and built by Chinese state-owned enterprises) rather than from infrastructure-building itself.

The larger question is what China is pivoting to. Instead of ...

The Case For Kenya’s Embattled Chinese-Financed Standard Gauge Railway

Critics of Kenya's multi-billion-dollar Standard Gauge Railway (SGR) definitely have the upper hand these days as the railway sinks deeper into debt. But George Sunguh, managing editor of African Ports Review, argued today in Business Daily that the skeptics are wrong.

It’s Official, Chen Xiaodong is Now China’s Ambassador to South Africa

Chen Xiaodong officially became China's ambassador to South Africa on Sunday, when he presented his credentials to President Cyril Ramaphosa in Pretoria. Newly-named envoys from Finland, Botswana, Ukraine, Pakistan, Sudan, and Sweden also presented their credentials yesterday.

Let’s Stop Pretending the G20 Actually Matters Anymore

The Group of 20 wrapped up yet another high-profile summit on Sunday that will once again disappoint anyone looking to the world's wealthiest countries for leadership in resolving the developing world's burgeoning debt crisis. The final communiqué basically repeated the same, ...

Africa’s Mosaic Approach

Afrobarometer is the gift that keeps on giving. Every few years the survey company tracks public opinion in African countries about external partners. The result is a growing and fascinating body of work that shows African public opinion about actors like China shifting in real-time. This time,