Category: Loans
China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year
For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...
New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving
By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...
New Trends in Chinese Overseas Development Finance
In less than six years, China's financing of overseas energy projects in the Global South plunged from $35 billion to zero, according to new data released this week from Boston University's Global Development Policy Center. BU's findings mirror a broader pullback ...
More than a Quarter of All Debt Servicing Payments by Poor Countries will Go to China this Year
The world’s poorest countries will pay about $52.8 billion in debt servicing costs this year, of which 26% ($13.7 billion) will go to Chinese lenders, according to a new report released on Monday by the Green Finance and Development Center at Fudan University in Shanghai. ...
China’s Policy Banks Stopped All Funding For Overseas Energy Projects Last Year
The once seemingly endless flow of Chinese money to fund energy projects throughout the Global South reached a milestone in 2021 when it dropped to zero, according to new research from Boston University's Global Development Policy Center. A ...
Public Editor of Uganda’s Daily Monitor Newspaper Acknowledges Errors in Entebbe Airport Coverage
Uganda’s Daily Monitor newspaper has for the first time acknowledged some wrongdoing in a November report that sowed panic about China seizing Entebbe International Airport. Odoobo C. Bichachi, the Nation Media Group’s Uganda Public Editor, admitted in an op-ed on Friday that the article was misleading. ...
China Exim Bank’s Controversial Loan to Expand Uganda’s Entebbe Airport
New research from AidData at the College of William & Mary in the United States provides the first insight into the loan contract between China Exim Bank and the Ugandan government for the expansion of the Entebbe International Airport. ...
Is China’s Lending Particularly “Aggressive”?
Amid the ongoing crisis in Ukraine and the bleakest prognosis on climate change yet, you may have missed the ongoing saga of Uganda’s Entebbe Airport. A quick recap: Uganda loaned $325 million from China Exim Bank to upgrade the airport. ...
Uganda’s Entebbe Contract is Aggressive, But Is It Unique?
Media coverage of the Uganda Entebbe Airport loan is focusing on what the research lead Bradley Parks has called China Exim Bank's "aggressive" loan tactics. Parks' unit at AidData showed that the Entebbe airport won't be seized in the case of ...
World Bank Overtakes China as Kenya’s Creditor of Choice
There's been a major shift in Kenya's borrowing patterns over the past three years marked by a sharp increase in loans from the World Bank while lending from China has slowed considerably, according to new Treasury data. ...
China’s Relatively Small Share of Kenya’s Total Public Debt
Kenya's total public debt now stands at $72.2 billion with $6.92 billion or just 9% owed to Chinese creditors, according to new figures from the Treasury in Nairobi. When measured against Kenya's total external, China's share ...
Minister and MPs Clash Over Chinese Contract to Upgrade Uganda’s Entebbe Airport
Ugandan opposition MPs renewed their criticism of the government's handling of a $200 million loan deal with the China Exim Bank to upgrade the Entebbe International Airport near Kampala. Works and Transport Minister Edward Katumba along with officials from ...