RWR Featured in Valor Economic Article on BRI’s Slowdown in Latin America
On August 25, Marsilea Gombata of Brazil’s Valor Economico reported on the recent slowdown experienced by China’s Belt and Road Initiative (BRI) in Latin America and the Caribbean, primarily caused by COVID-19. Citing data collected by RWR, the report noted that, between 2013 and 2020, China has loaned approximately $50 billion to 19 countries in Latin America and the Caribbean countries under the banner of the Belt and Road Initiative.
RWR’s Senior Analyst, Ricardo Barrios noted that no new loans had been issued to the region during the first half year, adding that several countries, including Venezuela and Ecuador, had held talks with China in hopes of gaining some flexibility for the payment of their outstanding debt to Chinese entities.