Category: Loans

New Data Reveals China’s Complex Role in Africa’s Debt Portfolio

China was once Africa's largest bilateral creditor, but now, as many of those loans come due, it's become the continent's largest bilateral collector, according to a new report by the UK-based NGO ONE Data. The so-called "Great Reversal" that ONE Data identified highlights how ...

African Nations Now Send More Money to China Than They Receive in New Loans

By Colleen Goko China's role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by ONE ...

China’s Africa Lending Enters a New Phase as Mega-Loans Give Way to Targeted Finance and Investment

Chinese development finance in Africa is moving away from its traditional model of large sovereign loans for mega-infrastructure projects. Boston University's latest data shows Beijing increasingly channeling support through alternative mechanisms, including foreign direct investment, equipment trade, and financing arrangements with ...

China’s Africa Lending Drops 46% as Strategic Reset Takes Hold

Chinese lending to Africa fell to $2.1 billion in 2024, marking a 46% decline from the previous year and the first annual drop since the COVID-19 pandemic, according to Boston University's updated Chinese Loans to Africa Database. The downturn signals Beijing's ...

China’s Evolving Lending Footprint in Africa: Selective Engagement and Strategic Retooling

By Mengdi Yue and Yiyuan Qi Chinese loans to Africa are down once again, but not out.  Boston University Global Development Policy Center’s newly updated Chinese Loans to Africa (CLA) Database shows that, despite a slight rise in 2023, Chinese ...

Analysis from Cobus van Staden

Why Green Energy Will Be the Big Winner of the Iran Crisis

By Cobus van Staden, CGSP Head of Research
Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking. 

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China’s Africa Lending Nearly Halved in 2024, Shifts to Yuan

By Colleen Goko Chinese lending to Africa nearly halved to $2.1 billion in 2024, the first annual decline since the COVID-19 pandemic, as the country shifts to selective, strategic projects, according to data released on Wednesday by Boston University. ...

Constructive Responses to Net Negative Transfers: What Next for China’s Financial Relationship With Low-Income Countries

By Rebecca Ray In the last few years, China’s net debt transfers (new disbursements minus repayments) to low-income countries have turned negative. This trend means that poor countries are now repaying China more each year for past years’ lending than they ...

U.S. Is Top Recipient of Chinese State-Bank Loans: New Data

The U.S. is the top recipient of Chinese state-bank loans and grants, according to new AidData figures that trace more than $200 billion across roughly 2,500 U.S. deals since 2000. The new data emerges despite years of U.S. warnings to ...

Indonesia Raises $842 Million in First-Ever Yuan Bonds

Indonesia raised about $842 million, equal to 6 billion yuan, by selling bonds to international investors denominated in China’s currency, the yuan, for the first time. The sale marks the first time Indonesia has borrowed in yuan. These yuan-denominated bonds ...

Indonesia Weighs Dual Strategies With China to Keep Whoosh High-Speed Rail on Track

Indonesia and China are negotiating with China’s economic planner, the NDRC, to address a funding shortfall for the Jakarta–Bandung high-speed rail project, known as "Whoosh." The gap emerged after costs rose by about $1.2 billion, while ticket sales fell short of loan payments.

How China Really Secures Its Loans to Developing Countries

The "debt trap" meme claims that China is intentionally lending vast sums of money to poor developing countries in Africa, and elsewhere, with the express intent to seize physical assets in those countries when they inevitably can't repay their debts.

New Chinese Development Funding for Southern Africa

The Development Bank of Southern Africa (DBSA) signed a $293 million loan facility agreement with China Development Bank. The funding will support energy, infrastructure, water, health, and manufacturing projects on the continent. The agreement was signed on the sidelines of the BRICS summit in Brazil earlier this ...
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