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China’s Latin America Lending ‘No Debt Trap’ – Diálogo Chino

International loans by China Development Bank and China Exim Bank peaked at $21 billion in 2015, but there were no new loans over the past two years, researcher says


A man walks past the lobby of the Export-Import Bank of China headquarters in Beijing. Photo: Reuters.

 

China’s policy banks in 2021 issued no new loans to Latin America for the second year in a row, Diálogo Chino reported, citing data from Boston University’s China-Latin America Finance Database.

But there are no signs that lending by China Development Bank and the Export-Import Bank of China – which peaked at $21 billion in 2015 – is a debt trap, according to Boston University’s Rebecca Ray, a co-author of the research.

Read the full report: Diálogo Chino

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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