China’s Lending to Latin America and the Caribbean Begins Again with Smaller, Targeted Support

Photo of 100 yuan note CC0 1.0 Universal

Chinese development lending to Latin America and the Caribbean (LAC) has begun to rebound, according to the latest update of the Chinese Loans to Latin America and the Caribbean Database, maintained by the Boston University Global Development Policy Center and the Inter-American Dialogue.

In 2022, the China Development Bank (CDB) and the Export-Import Bank of China (Eximbank) extended new commitments of US$813 million. As noted in our just-released report, this amounts to a far cry from the early years of the relationship, when CDB and Eximbank rivaled the World Bank in the amount of financial support to the region. However, it represents a return to activity after new financing fell to zero in 2020.



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