2025-05-31 12:00
publication
2025-05-31 12:00
75 of the poorest countries are forced to repay a record amount of $ 22 billion in debt to China in 2025 – we read in a report published by the Australian Think Tank Lowy Institute. Most of the loans were granted as part of the lane and trail initiative, created by the leader XI Jinping.
According to Lowa Institute, the total debt value of 75 countries against China is currently $ 35 billion. As the authors of the report assessed, by the end of this decade “China will be more debt collector for developing countries than a banker.”
As part of the lane and trail initiative, China transferred to the poorest countries loans for infrastructure investments, including for the construction of schools, bridges, hospitals, roads, sea ports and aviation terminals. In 2016 China has become a global leader on the market of bilateral loans exceeding $ 50 billion. This amount was greater than the value of loans granted at that time by all Western countries.
The report emphasized that China continues to grant new loans on a large scale. Over the past year and a half they borrowed money, including Honduras, Nicaragua, Salomon Islands, Burkina Faso and the Dominican Republic. These countries have recently broken diplomatic relationships with Taiwan and established Beijing.
China continues to finance their some strategic partners, including Pakistan, Kazakhstan, Laos and Mongolia. The borrowers also mentioned countries that extract key minerals and metals necessary for the production of batteries and batteries; These are Argentina, Brazil and Indonesia.
It is estimated that from 2023 the annual loan value granted by China to other countries is about $ 7 billion.
Lowy Institute noticed that China publishes little data regarding the initiative of the belt and trail. The American Institute of Aiddata estimated in 2021 that 165 countries in the world are debt China at least $ 385 billion. (PAP)
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