Chinese Lending to Africa Fell to 16-Year Low When Pandemic Hit (2024)

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Chinese lending to African governments fell to a 16-year low in 2020 as the impact of the coronavirus deterred countries on the continent from borrowing.

Lending in 2020 fell 78% from a year earlier to $1.9 billion, the lowest since 2004, according to a report by Boston University Global Development Policy Center.

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Chinese Lending to Africa Fell to 16-Year Low When Pandemic Hit

Chinese Lending to Africa Fell to 16-Year Low When Pandemic Hit (2024)
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