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The China-Global South Podcast

Is China Setting the Agenda for Global South Debt Restructuring?

Aug 1, 2023
Matt Mingey, a senior analyst at Rhodium Group, discusses whether China is setting the agenda for debt restructurings in the Global South. Topics include China's effectiveness in getting parties to agree to its demands, debt restructuring in Zambia and Sri Lanka, the importance of China Development Bank and Industrial Commercial Bank of China, reclassification of Chinese debt in Zambia, negotiating debt restructuring without China, and political motivations and misconceptions.
53:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • China's effective influence in successful debt restructuring deals in the Global South
  • The importance of finding new financial structures to support green transitions and infrastructure while dealing with mounting debt burdens

Deep dives

Debt Relief Proposal for African Countries

The podcast episode discusses the recent debt relief proposal announced by Russian President Vladimir Putin at the Russia Africa Summit. The proposal includes writing off $23 billion of debts owed by African countries, with Somalia benefiting significantly. The episode emphasizes the importance of debt relief for developing countries facing economic problems, such as soaring food prices and depreciating currencies.

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