China is the largest creditor to Latin America. Since 2005, China has provided around 134 billion dollars of credit to Latin American countries, according to the China-Latin America Finance database https://www.thedialogue.org/map_list/
The major recipients are as follows:
Venezuela 62.2 billion
Brazil 29.7 bn
Ecuador 18.4
Argentina 17.1
Bolivia. 3.4
Mexico 1
Of the total, 93.5 bn has gone to energy sector, 25 billion to infrastructure, mining 2.1 bn and the rest to the other sectors.
China Development Bank is the top lender with 97.9 bn followed by Chinese EximBank with 25 billion dollars.
The Chinese started with a token credit of 30 million dollars in 2005 and ramped it up to a peak of 35.7 billion in 2010. Thereafter the credit declined but went up again in in 2015 to 21.5 billion. Since 2016, the amount has come down to 6.3 bn in 2017, 2.1 bn in 2018 and 1.1 bn in 2019. There has been no new credit for the last two years 2020 and 2021.
The major recipients are as follows:
Venezuela 62.2 billion
Brazil 29.7 bn
Ecuador 18.4
Argentina 17.1
Bolivia. 3.4
Mexico 1
Of the total, 93.5 bn has gone to energy sector, 25 billion to infrastructure, mining 2.1 bn and the rest to the other sectors.
China Development Bank is the top lender with 97.9 bn followed by Chinese EximBank with 25 billion dollars.
The Chinese started with a token credit of 30 million dollars in 2005 and ramped it up to a peak of 35.7 billion in 2010. Thereafter the credit declined but went up again in in 2015 to 21.5 billion. Since 2016, the amount has come down to 6.3 bn in 2017, 2.1 bn in 2018 and 1.1 bn in 2019. There has been no new credit for the last two years 2020 and 2021.
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