China Development Bank Lends Venezuela $42.5 Billion Since 2007
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China Development Bank Corp. has lent Venezuela $42.5 billion since 2007. Here’s how it breaks down.
November 2007 -- China and Venezuela sign an agreement to jointly develop energy and infrastructure projects in South America’s biggest oil-producing nation. Under the terms of the agreement, Venezuela must repay China in oil. The first tranche is for $4 billion.