In 2023, China’s development finance institution (DFI) issued two loans totaling $1.3 billion to Brazil. Chinese DFI lending in 2023 was slightly higher than the $863 million issued by CDB and Ex-Im Bank in 2022. Despite this slight increase, China’s sovereign lending remains modest.
China’s development finance institutions demonstrated renewed interest in lending to LAC in 2022, issuing US$813 million in loans to three LAC governments or state institutions.
Again this year, China’s policy banks—China Development Bank (CDB) and the Export-Import Bank of China (Eximbank)—issued no new finance to Latin American and Caribbean (LAC) governments or state-run companies, according to findings from the Inter-American Dialogue’s Asia and Latin America Program and the Boston University Global Development Policy Center (GDP).
