August 27, 2026
3 developments
Restructuring 94% implemented
A Treasury investor call reported 11 creditor-committee agreements worth $4.3 billion, reserves of $6.5 billion and Q1 growth of 5.1%.
New Chinese ambassador arrives
Wei Huaxiang presented credentials, succeeding Qi Zhenhong after nearly six years.
China switches to grants
An RMB79 million (about $11 million) grant will rebuild 14 cyclone-damaged bridges, with no repayment obligation.