“China is helping keep rather mediocre leadership in power through its loans and leaving future African leaders and nationals to deal with the potential economic fallout from such terrible deals”….
Facing an economic downturn and unpayable debts earlier this year, the Republic of Suriname turned to the International Monetary Fund (IMF) for a bailout. In exchange for a $690 million loan, the South American country agreed to economic reforms and debt restructuring. But since the loan was announced, according to officials […]
The revelation that Uganda government signed an agreement and, among others, waived immunity for its sovereign assets has raised questions about the level of scrutiny and due diligence that bureaucrats conduct before committing the country internationally.
Officials have been carrying out “listening tours” of countries that may be recipients of US-facilitated infrastructure. Most recently, Daleep Singh, the deputy national security adviser for international economics, led a delegation to Ghana and Senegal in West Africa, the first such tour of African countries.
Completed the laying of rails on the railway linking China and Laos Commissioning of the cross-border railway is scheduled for early December this yearphoto: Russian Railways Press Service Rail-laying work has been completed as part of the construction of the Kunming-Vientiane railway, which connects the administrative center of Yunnan province […]