Chinese policy bank finance to Latin American and Caribbean (LAC) governments and state-run companies fell to roughly $1.1 billion in 2019, down from the $2.1 billion that the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) provided to the region the year before. The low levels of Chinese policy bank lending in […]
Since the Chinese government proposed the Belt and Road Initiative (BRI) in 2013, Chinese investments have been rapidly increasing in BRI countries. The Chinese government’s $113 billion pledge in special funds for investments in 2013 suggests this trend will likely continue. The investment choices that Chinese financial institutions make surrounding power, transportation and other long-lasting […]
Latin America and the Caribbean (LAC) faces a $110 billion annual gap in financing for climate change. Development finance institutions (DFIs) have a unique role to play in closing this financing gap through correcting key market and government failures and by crowding in private sector economic activity. DFIs have also been asked to play an […]
In 2017, Latin America and the Caribbean (LAC) continued to strengthen economic ties with China, especially with respect to trade and foreign direct investment (FDI) in extraction, infrastructure and to a lesser extent, manufacturing activities. Conversely, Chinese policy banks gave fewer loans to Latin American governments, according to the China-Latin America Finance Database, jointly administered […]
There is a sense of urgency in emerging market and developing countries, and Latin America in particular, for international development banks to generate a pipeline of infrastructure projects to reboot lagging economies and meet broader sustainable development goals. In meeting those goals, it is also important to ensure such efforts are socially inclusive and environmentally […]
In the last ten years, China has grown into a major trade and investment partner for Latin America and the Caribbean (LAC). It is now South America’s top export destination and the second-largest source of foreign direct investment (FDI) inflows for the LAC region. However, this new relationship has also come to symbolize the trend […]
In 2016, Latin America and the Caribbean’s (LAC) economic relationship with China showed little change. Exports were flat, while investment and finance fell slightly. However, one sector in particular reinforced its centrality in all three major channels: extraction. China’s interest in LAC as a source of extractive raw materials has remained, even as other […]
Latin America and the Caribbean (LAC) has achieved considerable social and economic progress in the past three decades, but still lags behind many other parts of the world when it comes to key infrastructure areas – including sanitation, telecommunications, transportation and energy. These infrastructure gaps are now proving to be hurdles for productivity and competitiveness, […]
Development banks have a unique role to play in Latin America and the Caribbean (LAC) and in emerging market and developing countries across the globe. Development banks seek to correct key market and government failures and crowd-in private sector economic activity into areas such as infrastructure and cleaner energy technologies, as well as into policy […]
Over the last decade, China has become an important ally in Chile’s goal of diversifying its energy matrix away from fossil fuels. China’s over-production of solar panels came at an opportune time for Chile, which was looking for new sources of low-emissions electricity after Argentina drastically reduced its gas exports. Solar power is still nascent […]