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.