China provided relatively little state finance to Latin America in 2018, but China remains a key source of credit for some countries in LAC.
La fuerte disminución en el 2017 se debe a que los bancos estatales chinos se abstuvieron de hacer préstamos a Venezuela, de lejos el mayor receptor de financiamiento del gigante asiático en la región desde el 2005.
Chinese investment and lending in the region declined last year, in part reflecting skittishness over the deteriorating situation in Venezuela. Despite the drop, Chinese state-to-state finance continues to outstrip the World Bank, IDB and CAF.
China’s record of lending in LAC continues to surpass that of other banks, even though policy banks issued only $9 billion to the region in 2017.
The year 2016 was the third highest on record for Chinese state-to-state finance in Latin America.
Over the past decade, China has become an increasingly important source of investment for developing countries. China’s investment, however, in the Caribbean is still minimal.