Thursday, November 09, 2023

China loaned Pakistan $21bn more than reported, study finds

Could this be a nice example of China's debt trap diplomacy? Some of it appears even to be hidden.

"Two decades of Chinese lending to Pakistan totaled about $21 billion more than previously thought, a study revealed this week, while also showing that the cash-strapped South Asian country has the biggest China-funded energy portfolio in the world.

AidData, a research institute at William and Mary University in the U.S., calculated Pakistan's cumulative public debt exposure to China at $67.2 billion for the period from 2000 to 2021. That surpasses the $46 billion recorded for the same period in the World Bank's International Debt Statistics, based on voluntary disclosures from Pakistan. ..."

China loaned Pakistan $21bn more than reported, study finds - Nikkei Asia

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