Regional News • Americas • South America
2021-03-02T02:00:02+00:00

China cut state loans for Latin America countries during 2020

China cut state loans for Latin America countries during 2020
China Development Bank logo Credit: China Development Bank

For the first time since 2006, China’s two biggest policy banks — the China Development Bank (CDB) and the Export-Import Bank of China — made no new loans to countries in Latin America and the Caribbean.

According to analysts, the pandemic and the deterioration of financial conditions in the countries contributed to this, which made China more cautious and less willing to finance governments and risky projects.

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