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What is the role of the international financial institutions in resolving the debt challenges encountered by countries in the global south? Representatives from the Third World Network Africa, African Development Bank (AfDB) and the African Women´s Development and Communication Network tackled this question on their panel. All speakers noted the challenges posed by the rise of China as a new player in the African debt infrastructure. Owning about 20% of Africa´s debt, China´s strategy as a capital exporter in the global economy has involved both continuities and discontinuities with the approach of traditional lenders such as the International Monetary Fund (IMF). The Chinese model has involved loan agreements that are based on bilateral high-level negotiations, mired in lack of transparency and involve little to no consultation with the citizenry through constitutional mechanisms such as Parliament.

Yao grahamThird world network africaInternational monetary fundCommunication networkThird world networkAfrican development bank afAfrican development bankAfrican womenMemory kachambwaExecutive directorயாவ் கிரஹாம்சர்வதேச பண நிதிதொடர்பு வலைப்பின்னல்மூன்றாவது உலகம் வலைப்பின்னல்நிர்வாகி இயக்குனர்