China provided relatively little state finance to Latin America in 2018, but China remains a key source of credit for some countries in LAC.
China this month agreed to extend $5 billion in credit to Venezuela as the South American country faces severe economic problems including hyperinflation and dire shortages of food, medicines and basic goods. Finance Minister Simón Zerpa announced the credit line as President Nicolás Maduro was departing for China to seek…
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.