Poor Countries Borrowed Billions from China. They Can’t Pay It Back. - Kiel Institute

Publication Date

05/2020

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Monetary Policy

Health

Economic & Financial Crises

China

... At the same time, the financial stakes are huge. The Kiel Institute, a German research group, pegs China’s lending to the developing world at $520 billion or more, with the vast majority doled out in the last few years. That makes Beijing a bigger lender than the World Bank or the International Monetary Fund. ...

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