Thursday, June 25, 2020

New World Bank Data on China's Loans to Poor Countries

The Diplomat published on 24 June 2020 an analysis titled "Putting a Dollar Amount on China's Loans to the Developing World" by Yufan Huang and Deborah Brautigam.

The World Bank recently published the specific debt statistics as of 2018 for 68 low-income countries eligible for the Debt Service Suspension Initiative.  The statistics included 37 African countries.  China made up 21 percent of the 68 countries' total public external debt.  For the African countries, it was 22 percent.  China was the biggest bilateral official lender for 30 of the 37 African countries.