Debtor Reporting System News Today

Haishan Fu is Chief Statistician of the World Bank and Director of the World Bank’s Development Data Group. In these capacities, Haishan leads and coordinates the

International Business News: As much as 98 per cent of China's development funding for its all-weather ally Pakistan came in the form of "less-than-generous loans," with only two

As much as 98 per cent of China's development funding for its all-weather ally Pakistan came in the form of "less-than-generous loans", with only two per cent coming in the form of grants between 2000 and 2021, according to a research report.

With $14.0 billion in finance commitments, 2017 was the top year for Pakistan; following a decline in 2018, the amount increased again in 2019 and 2020, even with the pandemic. With a 9.84-year maturity and a 3.74-year grace period, the average interest rate on loans is 3.72 per cent, the AidData said.

Pakistan News: From 2000 to 2021, 98% of China's development funding for Pakistan was in the form of loans, with only 2% as grants, according to a research report. I

Much has been written about the looming debt crisis in low- and middle-income countries. A series of global shocks and a worsening climate crisis have created an unprecedented challenge for many of these countries and the global community.

Since 1951, when the World Bank began lending to member countries for reconstruction and development, borrowing countries have been required to report detailed information on their external liabilities through the World Bank’s Debtor Reporting System.

Rising debt and record-high commodity prices are tempting many developing countries to pledge their natural resources to secure the financing they so urgently need. They should tread carefully: a renewed embrace of resource-backed loans could backfire on them.

Insights from Brad Parks.

What is the Real Story of China’s “Hidden Debt”? % ON SEPTEMBER 29, AidData, A RESEARCH LAB at William & Mary, released a detailed over-view of their new data