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March 25, 2021

Kenya
Belt and Road in Kenya: COVID-19 Sparks a Reckoning with Debt and Dissatisfaction

The economic impact of COVID-19 has exposed the underlying fragility of China’s Belt and Road Initiative (BRI) in Kenya, already the subject of scrutiny over corruption, pollution, and debt concerns. BRI fueled an ambitious infrastructure push in Kenya.

A train, built as part of Chinese investment in Kenya through the Belt and Road Initiative, arrives at the Mombasa Terminus in Mombasa, Kenya.

October 13, 2020

Emerging Economies
Reframing the Collective Action Problem in Sovereign Bond Restructuring

A recent white paper from Lazard points out that emerging market sovereign bond holdings are often fairly concentrated among a handful of big players.  The main impediment to collective action may be…

Reframing the Collective Action Problem in Sovereign Bond Restructuring

April 7, 2021

China
China’s Belt and Road Initiative Should Be on the World Bank and IMF’s Agenda

The Spring Meetings should address BRI’s pitfalls and advance policies to help put BRI countries on the path toward recovery and sustainable growth.

The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S. on April 8, 2019.

June 24, 2020

Argentina
The State of Argentina’s Debt Restructuring…

When a majority isn’t a majority…

Argentina's IFI and Market Debt Stack

March 31, 2021

Human Rights
Blinken's Unfair "Repudiation" of the Report on Unalienable Rights

Secretary Blinken’s comments on the Report of the Commission on Unalienable Rights were partisan--and did not fairly reflect its content.

March 31, 2021

Climate Change
The Climate Challenge and China's Belt and Road Initiative

BRI's fossil fuel investments will make combatting climate change more difficult. The U.S. needs to offer developing nations an alternative means of acquiring clean energy.

Steam rises at sunrise from six large smokestacks on the horizon at the Lethabo Power Station, a coal-fired power station near Sasolburg, South Africa on March 2, 2016.

March 30, 2021

Asia
The China-Pakistan Economic Corridor—Hard Reality Greets BRI’s Signature Initiative

The Belt and Road Initiative's flagship project in Pakistan is struggling to fulfill China's hopes.

A container is loaded on to the Cosco Wellington, the first container ship to depart after the inauguration of the China-Pakistan Economic Corridor port in Gwadar, Pakistan, on November 13, 2016.

March 25, 2021

Human Trafficking
Collaborating to Break the Cycle of Modern Slavery

This article was authored by Richard Samans, director of research at the International Labor Organization and chairman of the Climate Disclosure Standards Board. He served previously as managing dire…

A coffee farmworker is shown during a state inspection to detect potential cases of modern slavery in Campos Altos, Brazil.

March 23, 2021

Asia
How Should the United States Compete With China’s Belt and Road Initiative?

Jennifer Hillman and David Sacks are codirectors of the CFR-sponsored Independent Task Force report on a U.S. Response to China’s Belt and Road Initiative, which is co-chaired by Jacob J. Lew and Gar…

A container ship is pictured docked at the Colombo South Harbor, funded by China, in Sri Lanka on June 25, 2016.

March 17, 2021

Climate Change
An Internationalism that Protects: Why We Need to Reboot the Baruch Plan for Geoengineering

New planet-changing geoengineering technology is available to help humanity combat an existential security threat. However, like atomic fission, this technology is not to be jumped at without caution…

The sun reflects off the water in this picture taken by German astronaut Alexander Gerst from the International Space Station and sent on his Twitter feed on July 17, 2014.