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China's Expanding Role in Global Bailouts and Lending

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Source: The New York Times
China's Expanding Role in Global Bailouts and Lending
Photo: The New York Times
TL;DR

China is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the IMF as a lender of last resort. China has been helping countries that have either geopolitical significance or lots of natural resources. China provided $40.5 billion in emergency loans to distressed countries in 2021, compared to the IMF's $68.6 billion. China's emerging position as a lender of last resort reflects its evolving status as an economic superpower at a time of global weakness.

Topics:businessfinance#belt-and-road-initiative#china#debt-ridden-countries#emergency-loans#finance#imf
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  1. After Doling Out Huge Loans, China Is Now Bailing Out Countries  The New York Times
  2. China's debt-heavy local governments look for new ways to raise cash  CNBC
  3. Beijing Borrows at Fastest Pace on Record  Bloomberg Television
  4. China spent $240 bln bailing out 'Belt & Road' countries, study shows  Reuters
  5. China Boosts Lending to Struggling Belt and Road Borrowers  The Wall Street Journal

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