African Reserves Loans

The US can help the IMF rethink its lending

US Treasury Secretary Janet Yellen (left) and IMF Managing Director Kristalina Georgieva must work to align their approaches to financing science.Credit: Action Press / Shutterstock, Chesnot / Getty Last week, the world’s economic and financial communities closed their annual meetings – held online this year – on a welcome note. …

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How China structures loans to become Africa’s ‘preferred’ lender – Quartz Africa

New report led by AidData, a US-based development finance research lab, reveals how Chinese lenders are using contracts to gain an advantage over other developing country creditors, limiting borrowers’ options for crisis management and complicating debt renegotiation. Researchers reviewed 100 contracts issued between 2000 and 2020 between Chinese lenders and …

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