IfW in the News

Poor Countries Borrowed Billions from China. They Can’t Pay It Back.

Excerpt from the Article

... At the same time, the financial stakes are huge. The Kiel Institute, a German research group, pegs China’s lending to the developing world at $520 billion or more, with the vast majority doled out in the last few years. That makes Beijing a bigger lender than the World Bank or the International Monetary Fund. ...

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