Washington - China's multimillion-dollar loans to Latin American governments have come to a standstill. No new state-to-state loans have been issued
China will be more cautious about extending loans to Latin American countries after difficulties securing repayment suggest it has sometimes fallen into a “creditor trap,” according to economist Stephen Kaplan.
(Bloomberg) China will be more cautious about extending loans to Latin American countries after difficulties securing repayment suggest it has sometimes fallen into a “creditor trap,” according to the author of a new book on Beijing’s lending to the region.