The dragon in the Andes: China pushes risky LatAm loans

Region:

Americas

Helen Reid

Reporter

Chinese development banks lent a total of $29.1 billion to Latin America in 2015 – nearly triple the amount of 2014, and more than the combined lending from the Inter-American Development Bank and World Bank. The loans are the second highest annual amount lent by China’s policy banks towards extractives and infrastructure in the Latin America and the Caribbean (LAC) region, according to a new report from the Inter-American Dialogue think-tank.

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