China’s shrinking lending footprint in Africa

We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.

Move over Belt and Road Initiative. China’s overseas development finance footprint continues to dwindle in the post-pandemic era, according to a new study from the Global Development Policy Centre at Boston University. The trend has concrete ramifications for Africa, where China is banking on smaller projects while shifting its attention away from oil and gas in favour of the telecom, transport and power sectors.

The study looked at the two main Chinese development finance institutions, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM). Scouring data from the university’s database of China’s Overseas Development Finance, it identified 28 new Chinese loan commitments in 2020-2021 worth a total of $10.5bn, the lowest in recent years.

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *