Story perspectives

Developing Nations Paid China $3.9 Billion More in 2022

10/12/2025

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Summary

Story summary

A report by Boston University’s Global Development Policy Center finds that in 2022–2023 developing nations repaid $3.9 billion more to China than they borrowed.
China has financed more than 900 projects in the Global South, committing over $472 billion since 2008.
The report outlines five measures to revive development finance, including refinancing distressed loans and expanding green lending.
Tariff cuts for African imports accompany Kenya converting railway loans to yuan.

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Story summary

A report by Boston University’s Global Development Policy Center finds that in 2022–2023 developing nations repaid $3.9 billion more to China than they borrowed.
China has financed more than 900 projects in the Global South, committing over $472 billion since 2008.
The report outlines five measures to revive development finance, including refinancing distressed loans and expanding green lending.
Tariff cuts for African imports accompany Kenya converting railway loans to yuan.