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After the first version of China flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses

After the first version of China flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses

China has agreed to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, but sceptics say that the days of Beijing writing off interest-bearing loans are over.

<p><span>Thank you, Adam, I appreciate the opportunity to speak here today. I last gave a talk at PIIE a couple of years ago, while wearing my previous hat as an academic. One great thing that you immediately notice about PIIE’s experts and affiliates is that in addition to economic theory, they care about the practical details, institutional and otherwise, that can constitute the difference between a successful or unsuccessful policy. Now, as a policymaker at Treasury, I h...

U.S. Treasury official criticizes China's 'unconventional' debt practices

A top adviser to U.S. Treasury Secretary Janet Yellen will warn on Tuesday that Chinas foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing problems, lower growth and underinvestment.

The World Bank has warned that the number of Africans living in extreme poverty is set to rise from 424 million before the pandemic in 2019 to 463 million this year, more than one third of the continent’s 1.2 billion population.

New York state Assemblywoman Pat Fahy was joined by Capital Region clergy this week to introduce legislation that would require private creditors to join debt relief initiatives for poor nations at the same level as the U.S. government and public creditors.

In March, the World Bank estimated that a dozen developing countries could default on their debt over the next 12 months. The warning signs are everywhere. Investors have pulled $50 billion from emerging-market bond funds this year, and the debt of nearly one-third of these countries is trading at distressed levels. Without market access, many governments will struggle to roll over their external debt. According to our own calculations, low-income countries alone face nearly $15 billion in...

, Sep 12 (IANS/ 101Reporters) The Kosi-Seemanchal region of Bihar is increasingly seeing a shift away from corn cultivation. Once a favourite of farmers, maize production has dropped steadily due to high input cost, climate change and low ...