SYDNEY, Australia — The world's poorest nations face a 'tidal wave of debt' as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report.
SYDNEY, Australia — The world's poorest nations face a 'tidal wave of debt' as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday in a new report. China 's Belt and Road Initiative lending spree of the 2010s has paid for shipping ports, railways, roads and more from the deserts of Africa to the tropical South Pacific.
'Moving from being a net provider of financing -- where it lent more than it received in repayments -- to a net drain, with repayments now exceeding loan disbursements.' Paying off debts was starting to jeopardise spending on hospitals, schools, and climate change, the Lowy report found. 'Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies.
Nations Face 'Tidal Wave' Of China Debt Report
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