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The Plunge in China’s Overseas Lending

Getting a loan from one of China's two largest policy banks is significantly more difficult than it was just a couple of years ago. According to data from Boston University's Global Development Policy Center, lending by the China Development Bank and ...

Death of the Chinese Debt Trap Narrative

Critics of China's lending practices in Africa and much of the developing world have gone suspiciously quiet over the past 6-7 months. A year or so ago, Kenyans were up in arms over erroneous reports that China was going to seize the Port of ...

Analysis from Cobus van Staden

How Will Biden Shake Up Africa Relations? Let’s Watch

Tomorrow, the whole world’s eyes will be on the inauguration of Joe Biden. Stepping into a moment of unprecedented domestic crisis, he will probably have relatively little bandwidth for Africa. Indications are that the Biden administration plans to steer away from the Trump era’s unilateralism. While the incoming Assistant Secretary of State for African Affairs hasn’t been confirmed yet, many State Department appointments have been filled by veterans from the Obama era. ...

Gyude Moore: Disappointed that Chinese FM Wang Yi Avoided Talking About the Debt Crisis in Certain African Countries During His Recent Tour

During his five-nation Africa tour last week, Chinese Foreign Minister Wang Yi did not focus much attention on the ongoing debt crisis in the handful of countries on the continent that have borrowed heavily from Chinese creditors. That was very disappointing to some observers, including Gyude Moore, ...

Rise of Special Economic Zones in Africa: Can Agricultural Processing Be the Next SEZ Success Story?

By Sophia Kladaki and Jing Cai, Research Analysts at Development Reimagined “There is no one model of development” is one of the key principles, we, the team at Development Reimagined, try to champion when looking at key issues of economic growth ...

Why China’s Cutting Back on Overseas Lending

It's going to be much more difficult for countries in Africa and other developing regions to borrow money from China. New research from Boston University's Global Development Policy Center reveals a sharp drop in overseas lending by the ...

The Once Frenetic Debate Over Chinese Debt in Africa Has All But Disappeared

China's top diplomat for sub-Saharan Africa, Wu Peng, posted a tweet today that restated China's often-repeated position about its commitment to implement the G20's Debt Service Suspension Initiative and to help "alleviate debt pressure on African countries." It's not ...

The Bondholders’ View of the African Debt Crisis

The ongoing debt crisis in Zambia and several other African countries is proving to be much more difficult to resolve than in previous years because of the expanded role of both Chinese lenders and bondholders. Both of these creditors have starkly ...

It’s Not All Gloomy

The last few weeks have been marked by a pervasive gloominess about Africa's future.  As Zambia was defaulting on its Eurobond debt, the G20 was praising itself effusively for coming up with a debt response unlikely ...

China’s Role in Africa’s Economic Transformation

Over the past 20 years China has played a pivotal, arguably indispensable role in Africa's economic development. China is by far Africa's largest bilateral trading partner, a major source of foreign investment and a vital player in helping Africa to close ...

The Challenge of Responding to the Zambian Crisis

Zambia’s slow creep towards an official default is raising a lot of discussion about how to avoid this kind of crisis from spreading. Not surprisingly, much of this focus is falling on China, and rightly so. China’s insistence on handling successive troubled loans on an opaque case-by-case ...

As Zambia Nears Default, Analysts Examine What Went Wrong

Although Zambia missed a $42.5 million bond payment on November 14th, and effectively defaulted on that portion of its debt, it's still technically not in default yet. It will probably officially cross that line within the next few days, making it the first African country this year ...

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.
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