Poorest Nations to Repay China $14 Billion in 2022, Report Says
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The world’s poorest nations will pay China and its lenders almost $14 billion this year in debt servicing costs, according to new research that urges Beijing to do more to support restructuring for those who need it.
In total, 68 such countries will pay $52.8 billion this year in debt costs, according to a report by the Green Finance & Development Center at Fudan University in Shanghai. More than a quarter of that will go to China, the report estimates, as Beijing is one of the largest lenders to developing nations.