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Nepal drowning in Chinese debt trap

Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM Bank. The terms for this financing are highly adverse for Nepal's economy. The rate of interest charged on this loan is 2 per cent, much higher than what other multilateral lenders such as the World Bank and Asian Development Bank (ADB) charge, hovering around 0.25 to 0.75 per cent. In contrast to these multilateral institutions which offer a payback term extending up to 40 years,...
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China's bio-based future - Bio Market Insights

In 2021, the Chinese Academy of Agricultural Sciences (CAAS) unveiled a new method for making animal feed from CO and nitrogen with Beijing Shoulang Biotechnology Co., Ltd. From 2021, the team partnered with a steelmaker to convert the plant’s tail gas into 5000 tons of feed-grade protein per year. 
United States Shan Dong Cofco Zhaodong Henan Tianguan Cofco Anhui National Development

China's overseas lending and the war in Ukraine | VOX, CEPR Policy Portal

China and Russia have built close financial ties over the past ten years, with Russia becoming the largest recipient of Belt and Road lending. Given the sums at stake, the war in Ukraine is putting China’s overseas lending portfolio at higher risk than ever before. This column argues that this is likely to make Chinese state-owned banks more cautious in extending fresh
United States France General Manuela Ferro William Mary World Bank Group Debt Service Drag On Developing Governments
Source: voxeu.org

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