{"id":6953,"date":"2019-02-21T12:21:41","date_gmt":"2019-02-21T17:21:41","guid":{"rendered":"https:\/\/www.bu.edu\/gdp\/?p=6953"},"modified":"2019-02-26T15:19:27","modified_gmt":"2019-02-26T20:19:27","slug":"china-latin-america-finance-database-2019","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/gdp\/2019\/02\/21\/china-latin-america-finance-database-2019\/","title":{"rendered":"China-Latin America Finance Database 2019"},"content":{"rendered":"<p><span>The Inter-American Dialogue\u2019s <a href=\"http:\/\/www.thedialogue.org\/agenda\/programs\/china\/\" target=\"_blank\" data-saferedirecturl=\"https:\/\/www.google.com\/url?hl=en&amp;q=http:\/\/www.thedialogue.org\/agenda\/programs\/china\/&amp;source=gmail&amp;ust=1487812863718000&amp;usg=AFQjCNHYajnHqin0MfDdQKD7IT_UjvcscQ\" rel=\"noopener\">Latin America and the World program<\/a>\u00a0and the <a href=\"https:\/\/www.bu.edu\/gdp\/research\/gci\/\">Global China Initiative <\/a>at Boston University&#8217;s Global Development Policy Center (GDP) estimate that China&#8217;s policy banks, China Development Bank and China Eximbank, issued roughly $7.7 billion in loans to LAC governments and state-owned firms\u00a0in 2018. <\/span><\/p>\n<p><span>See the newly-updated <a href=\"https:\/\/www.thedialogue.org\/map_list\/\">Dialogue-GDP Center China-Latin America Finance Database<\/a> and our report <a href=\"https:\/\/www.thedialogue.org\/wp-content\/uploads\/2019\/02\/Chinese-Finance-in-LAC-2018-2.pdf\">Cautious Capital: Chinese Development Finance in LAC, 2018, <\/a>for details on last year&#8217;s and previous loan agreements.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.thedialogue.org\/map_list\"><img loading=\"lazy\" src=\"\/pardeeschool\/files\/2014\/12\/China-Latin-Am_600x300-588x300.gif\" alt=\"China-Latin-Am_600x300\" width=\"371\" height=\"189\" class=\"aligncenter wp-image-15928\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"http:\/\/www.thedialogue.org\/map_list\/\" target=\"_blank\" rel=\"noopener\">To access the database click here<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Our findings include the following:<\/p>\n<ul>\n<li><strong>The year 2018 was among the lowest on record for Chinese state-to-state finance in Latin America, <\/strong>with only approximately $7.7 billion in loans from China Development Bank and China Eximbank to Latin American governments and state-owned enterprises.<\/li>\n<li>Despite a relative drop in activity in 2017 and 2018,\u00a0<strong>China\u2019s record of lending in the region continues to surpass that of other banks<\/strong>. CDB and Eximbank have provided over $140 billion in finance to LAC since 2005. Chinese state-to-state finance tops sovereign lending over the same period from either the World Bank or the Inter-American Development Bank.<\/li>\n<li>Aside from a $600 million loan to the Dominican Republic, <strong>Chinese policy bank loans in 2018 were mostly directed toward the same set of countries<\/strong> that have received Chinese state finance for over a decade. A $5 billion loan to Venezuela accounted for nearly two-thirds of China\u2019s lending to the region last year.<\/li>\n<li>As in previous years, <strong>Chinese finance to LAC in 2018 focused overwhelmingly on infrastructure development<\/strong>. China\u2019s 2018 deal with Argentina supports the renovation of the San Mart\u00edn cargo line. Ecuador\u2019s 2018 loans will reportedly be used to reconstruct earthquake-damaged infrastructure.<\/li>\n<li><strong>Relatively low rates of Chinese lending to LAC governments are possible in the near-term<\/strong>\u00a0as Beijing exercises more caution in drawing down foreign reserves and as demand from China&#8217;s traditional loan recipients likely slows somewhat.<\/li>\n<li>Even if Chinese policy banks continue to lend to LAC at relatively low levels, as they did in 2017 and 2018, <strong>the combined effect of Chinese policy bank, commercial bank, and other forms of lending will ensure a sizable Chinese financial presence in the region for years to come<\/strong>, potentially in a wider variety of projects.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.thedialogue.org\/wp-content\/uploads\/2019\/02\/Chinese-Finance-in-LAC-2018-2.pdf\"><strong>To access the report\u00a0click here<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.bu.edu\/gdp\/2019\/02\/21\/2019-china-latin-america-economic-bulletin\/\">To access the GDP Center China-Latin America Economic Bulletin, 2019 Edition<\/a><\/strong><\/p>\n<p style=\"text-align: left;\"><em>The China-Latin America Finance Database is a product of collaboration between <a href=\"http:\/\/www.thedialogue.org\/\" target=\"_blank\" rel=\"noopener\">the Inter-American Dialogue<\/a> and the <a href=\"https:\/\/www.bu.edu\/gdp\/research\/gci\/\">Global China Initiative\u00a0at Boston University&#8217;s Global Development Policy (GDP) Center<\/a>.\u00a0<\/em><\/p>\n<ul><\/ul>\n<p style=\"text-align: left;\"><em>Source:\u00a0<\/em>Gallagher, Kevin P. and Margaret Myers (2017) &#8220;China-Latin America Finance Database,&#8221; Washington: Inter-American Dialogue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Inter-American Dialogue\u2019s Latin America and the World program\u00a0and the Global China Initiative at Boston University&#8217;s Global Development Policy Center (GDP) estimate that China&#8217;s policy banks, China Development Bank and China Eximbank, issued roughly $7.7 billion in loans to LAC governments and state-owned firms\u00a0in 2018. See the newly-updated Dialogue-GDP Center China-Latin America Finance Database and [&hellip;]<\/p>\n","protected":false},"author":5268,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[70,66,55,156,72,77,76,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/6953"}],"collection":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/users\/5268"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/comments?post=6953"}],"version-history":[{"count":10,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/6953\/revisions"}],"predecessor-version":[{"id":20873,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/6953\/revisions\/20873"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media?parent=6953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/categories?post=6953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/tags?post=6953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}