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With China on the Sidelines, What’s Next for African Infrastructure Financing?

For much of the past two decades, China was among the largest sources of African infrastructure financing. But that is no longer the case. In his recent keynote address at the Forum on China-Africa Cooperation conference in Senegal, Chinese President Xi ...

Europe Unveils Its €300 Billion Alternative to China’s Belt and Road

European Commission President Ursula von der Leyen revealed the details of its highly anticipated Global Gateway infrastructure development initiative that aims to provide an alternative for developing countries to China's Belt and Road Initiative. In all, the EU aims to raise ...

FOCAC’s Powerful Optics Present a Challenge to China’s Rivals

FOCAC is for me what the Winter Olympics is for a curling fan – the one moment every few years when the world briefly shares one’s obsession. So it was interesting (and revealing) how relatively muted the coverage of the triennial meeting has been this time around. ...

Why Policymakers in the U.S. and Europe Should Feel Nervous After Xi’s FOCAC Speech

It's unlikely that many people in either Washington or Brussels paid that much attention to Chinese President Xi Jinping's keynote address on Monday at the Forum on China-Africa Cooperation conference. Except for news agencies like Reuters and Bloomberg, no major U.S. newspaper, news site, or television network ...

As the World Forgets About the Debt Crisis, More African Countries Struggle to Stay Afloat Amid Rising Servicing Costs

Last year at this time, expectations ran high that Africa's largest creditors in Beijing, and among the Paris Club members were all motivated to restructure their outstanding loans to reduce the burden on some of the world's poorest countries.  Well, it ...

Analysis from Cobus van Staden

China’s African Debt Experiment

The Financial Times today published a deep dive into the issue of Chinese lending to African countries and what struck me was how it crystallizes some of the underlying issues that aren’t necessarily made clear in the debt debate.

In the first place, it shows that Africa’s need for financing far outstrips both the available financing options and the continent’s current ability to repay them. The Calvinist logic that underlies much of ...

China, Africa and the Global Race to Source EV Battery Metals

Chinese automakers smashed another monthly record for production and sales of electric vehicles in October. Car companies produced just under 400,000 vehicles last month, up 133% from the same time last year and almost 10% from September, according to new data from the Chinese ...

Representatives From 50 African Countries Take Part in Inaugural China-Africa Beidou Forum

More than 600 representatives from almost every African country, including eight ministers and eight ambassadors, attended the first-ever China-Africa Beidou System Cooperation Forum that took place on Friday in Beijing and also online with stakeholders in Africa.  ...

Debt Relief for World’s Poorest Countries Barely Mentioned at G20 Summit in Rome

Leaders from the world's wealthiest countries meeting in Rome over the weekend covered a lot of ground on everything from finalizing an agreement on a global minimum corporate tax to new climate-related commitments. But for a ...

The Pressure is on the G20 to do Something… Anything… About Debt Relief at This Weekend’s Summit in Rome

Debt relief for the world's poorest countries will once again be a topic of discussion at yet another high-profile G20 gathering this weekend in Rome. Yet, there's good reason to doubt that little more will come out of this meeting than any of the ...

In Phone Call With Macron, Xi Pursues Trilateral Development Cooperation in Africa

Chinese President Xi Jinping urged his French counterpart Emmanuel Macron in a phone call on Tuesday that the European Union should pursue greater autonomy (presumably from the U.S.) in its foreign policy. The two leaders also discussed the upcoming COP26 climate ...
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