Due to Beijing’s restrictions on financing for large-scale oil projects, loans made by China’s two primary trade policy banks reached a 13-year lowest of $3.7 billion in 2021

Beijing is under pressure from multilateral lenders and Western nations like the United States to reduce debt for struggling emerging economies like Zambia and Sri Lanka.

Additionally, the average loan commitment size decreased from $534 million between the 2013 and 2017 to $378 million between 2018 and 2021.


In the 2008 to 2021 period, Russia received the most loans ($58 billion), pursued by Venezuela ($55 billion)

With $33 billion towards projects in transportation, agriculture, water, & oil, Angola was indeed the continent’s third-largest recipient behind Ethiopia, Kenya, and Egypt

The World Bank had the fix sum of lending capability. But this was expedit as part of a COVID-19 reaction,” adding that this might resume trend following the epidemic.

This month, the World Bank planned to discuss with shareholders on ideas including a capital increase and new lending instruments before meetings in April