Wednesday, November 24, 2021

China's Financing Falls for Belt and Road Countries

 Reuters published on 22 November 2021 an article titled "African Nations Mend and Make Do As China Tightens Belt and Road" by Duncan Miriri.

Belt and Road Initiative loans dropped 54 percent from 2019 to 2020.  In Africa, China's financing fell from $11 billion in 2017 to $3.3 billion in 2020.  Concerns about debt and sustainability account for much of the drop.