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China to Join Zambian Creditor Committee Says IMF Head Georgieva

After months of inaction, there's word now of an important breakthrough in restructuring Zambia's ballooning $32 billion debt. China, widely perceived as the lone holdout, has finally agreed to join a multi-party creditors committee, according to IMF Managing Director Kristalina Georgieva during the group's Spring Meetings ...

Rwandan Whipping Incident Reverberates Through Africa-China Relationship

The China-Africa news discussion was consumed this week by the news that a Chinese mining boss was sentenced by a Rwandan court to twenty years in prison for whipping an employee. The incident can’t be separated from its media afterlife. ...

Report Debunking Kenya’s Mombasa Port Panic Leads to Debt Trap Reckoning from Press

African press outlets are reacting to a new report debunking the idea that China will seize Kenya’s Mombasa port in the event of a default on its Standard Gauge Railway loan. But the diversity of the reaction shows how snarled the issue of Chinese lending ...

How a Meeting Between China and the Global South 67 Years Ago Shapes Our World Today

As the crisis in Ukraine scrambles European politics and global supply lines, it’s also resurrecting long-buried geopolitical formations. In the rush to get Global South powers into formation against Russian aggression, Western powers have inadvertently added impetus to a reawakened non-aligned movement, with its roots in the ...

5 Recommendations for Tackling the Sovereign Debt Challenge in Southern Africa 

By Daniel Bradlow and Magalie Masamba The COVID-19 pandemic has had a particularly profound adverse impact on Africa’s sovereign debt situation. Currently, 22 low-income African countries are either in debt distress or at high risk of debt distress. This ...

Lockdowns, Floods in South Africa and China Prompt Massive Disruptions to One of the World’s Most Important Trade Routes

Simultaneous disruptions to the largest ports in China and South Africa are threatening to upend one of the world's most important trade routes. The ongoing lockdowns in Shanghai as part of the city's battle against Omicron have led to 

“Food Diplomacy” is the New “Vaccine Diplomacy” in Africa

If 2021 was the year of so-called "vaccine diplomacy" in Africa where the world's major powers stingily distributed COVID-19 vaccines to low-income countries while preaching to their geopolitical rivals, 2022 is going to be the year of "food diplomacy."  ...

Ukraine, Afghanistan, and China’s ‘Inadvertent Empire’

By Hugo Jones and Lukas Fiala As Russia’s invasion of Ukraine enters a new phase and more evidence of war crimes surfaces, it is hard to overstate the significance these events will have for Europe’s security architecture, the West’s relationship with ...

All That is Solid Melts into Air

The last few years’ conversations about China’s global rise ran on a few assumptions: that China’s outward trajectory through initiatives like the Belt and Road will continue uninterrupted, that China’s capacity for overseas lending won’t diminish, and that its role as an export economy serving the Amazons ...

Sri Lanka’s Debt Nightmare Kicks Off Familiar Narratives Abroad 

"We have lost the ability to repay foreign debt." This was the message from Sri Lanka’s newly appointed Central Bank Governor Nandalal Weerasinghe to journalists on Tuesday. The announcement could signal a wave of defaults across the Global South and makes Sri Lanka the newest ...
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