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Views From The Center Blog

 

A column chart of external government debt for Sub-Saharan Africa by official, private, and Chinese creditors

2018 FOCAC: Africa in the New Reality of Reduced Chinese Lending

The 2018 FOCAC Summit will open tomorrow in Beijing. There is much speculation about the size of the investment package China will unveil at the summit. It appears, however, that we are in a new phase of Chinese financing. A combination of domestic and international pressures will likely alter China’s extensive lending program—African states that have relied on this lifeline must adjust to the new reality.

Emmerson D. Mnangagwa, then the Minister of Justice, Legal and Parliamentary Affairs of Zimbabwe at the High Level Segment of the 25th Session of the Human Rights Council. Photo by UN Photo / Jean-Marc Ferré

Don’t Be Fooled by Zimbabwe’s Big Election Day Charade

On July 30, Zimbabweans will vote for the first time ever without Robert Mugabe on the ballot. Even before election day, there are very serious concerns about the validity of the vote. Vanguard Africa’s Jeffrey Smith and I wrote in the Mail & Guardian about eight reasons to worry, including poll manipulation, voter intimidation, interference by the military, and more. In totality, these problems already skew the outcome so greatly that they likely have already invalidated the vote.

bridge

Rethinking the Infrastructure Gap in the Poorest Countries

A recent blog post by Ricardo Hausmann caught my eye because it addresses issues that I’ll be focusing on during my visiting fellowship here at the Center for Global Development. Hausmann—a former Venezuelan minister of planning—discusses the difficulty of closing the infrastructure gap in developing countries, and highlights the dilemma of whether governments should finance infrastructure projects through public-private partnerships or through their national budgets. He’s right about the dilemma, but his solution isn’t workable for fragile and low-income countries where infrastructure needs are greatest.

Fighting Corruption is Dangerous, but Necessary

CGD and Brookings recently co-hosted Former Finance Minister of Nigeria and Distinguished Fellow Ngozi Okonjo-Iweala to discuss her new bookFighting Corruption is Dangerous: The Story Behind the Headlines. The book is part memoir, part how-to, as she draws on her years of experience as Nigeria’s Finance Minister to describe the dangers of fighting corruption and how best to do it. I drew four main takeaways from our conversation.

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