The World Bank confirms that China is the world’s largest bilateral official creditor, meaning that it is the largest single creditor country. World Bank lending to AfricaAll lending from the World Bank to African governments is official, but China’s overseas lending is more complicated. Only three of these lend overseas with official policy mandates from the government of China: The Export-Import Bank of China (China Eximbank), China Development Bank (CDB) and the China International Development Cooperation Agency (CIDCA). The World Bank’s Projects & Operations database provides data on the six missing countries, increasing the total for the World Bank to $151bn. The WBPO database includes at least $8bn in loan commitments from the World Bank to African regional entities from 2000-2019, bringing the total from the World Bank to $159bn.

Source: The North Africa Journal June 01, 2021 13:07 UTC