this post was submitted on 27 May 2025
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Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s Belt and Road Initiative

The most vulnerable nations on Earth are facing a “tidal wave” of debt repayments as a Chinese lending boom starts to be called in, a new report has warned.

The analysis, published on Tuesday by Australian foreign policy thinktank the Lowy Institute, said that in 2025 the poorest 75 countries were on the hook for record high debt repayments US$22bn to China. The 75 nations’ debt formed the bulk of the total $35bn calculated by Lowy for 2025.

“Now, and for the rest of this decade, China will be more debt collector than banker to the developing world,” the report said.

The pressure to repay was putting strain on local funding for health and education as well as climate change mitigation.

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[–] conditional_soup@lemm.ee 8 points 5 days ago (20 children)

This really isn't different than the IMF, except I imagine China isn't going to be leveraging their debt to convince poor countries to wage economic warfare against its poorest citizens and do massive giveaways to the foreign and domestic wealthy.

Fuck the IMF, all my homies hate the IMF.

[–] Murvel@lemm.ee 35 points 5 days ago (19 children)

Oh I'm suuuure China has no ulterior motives... good guys you know

[–] rumimevlevi@lemmings.world 1 points 5 days ago (1 children)

You agree that both have ulterior motive right?

[–] Murvel@lemm.ee 3 points 5 days ago

Well I certainly know for whom the Chinese aim to benefit.

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