Poorest nations to pay China US$14 billion to service debts in 2022: report

Source: China – South China Morning PostThe world’s poorest nations will pay China and its lenders almost US$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 US$52.8 billion this year in debt costs, according to a report by the Green Finance & Development Centre 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…Read More

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