Shifting Gears: Chinese Finance in LAC, 2020
China Development Bank and the Export-Import Bank of China issued no new finance to Latin American and Caribbean governments or state-run companies in 2020.
China Development Bank and the Export-Import Bank of China issued no new finance to Latin American and Caribbean governments or state-run companies in 2020.
Future Chinese engagement with Latin America will be carefully justified on the basis of economic and/or political return on investment.
The year 2019 was among the lowest on record for Chinese state-to-state finance in Latin America, with only approximately $1.1 billion in loans from China Development Bank and China Eximbank to Latin American governments and state-owned enterprises.
近期的进展显示,中国的政策性银行、商业银行以及其他金融平台仍将维持中国在拉美地区的角色,并将向更加广泛的项目类型拓宽。
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.