China spent $240 bn to bail out nations with Belt & Road loans
Business Standard|March 29, 2023
Beijing now fast catching up with the IMF as a lender of last resort
RACHEL SAVAGE
China spent $240 bn to bail out nations with Belt & Road loans

China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building 'Belt and Road' infrastructure, a study published on Tuesday showed.

80 per cent of the lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the World Bank, Harvard Kennedy School, AidData, and the Kiel Institute for the World Economy.

この記事は Business Standard の March 29, 2023 版に掲載されています。

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この記事は Business Standard の March 29, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

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