According to a new report published by the AidData research lab at Virginia’s College of William & Mary, the number of countries that were bailed out by Chinese loans when they ran into liquidity problems between 2000 and 2021 is 22.
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A new report published by the AidData research lab at Virginia’s College of William & Mary sheds some light on the usually nontransparent practice of Chinese bilateral emergency loans.
As Statista’s Katharina Buchholz reports, the researchers that also hail from the World Bank, Harvard University and the Kiel Institute for the World Economy identified 22 countries that were bailed out by Chinese loans when they ran into liquidity problems between 2000 and 2021.
Countries that utilized these loans in an especially high number of years, i.e. rolled over their loans into subsequent years include Pakistan, Mongolia, Argentina and Sri Lanka.
According to the Brazilian government, China and Brazil have reached a deal to trade in their own currencies and ditch the US dollar.
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