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Global Business News

The Economic Times

Global Business / The Economic Times

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African nations now send more money to China than they receive in new loans

China's lending to developing nations has significantly decreased. Poorer countries are now sending more money back to China in debt payments than they receive in new loans. Multilateral institutions have stepped in, becoming the primary source of development finance. This shift impacts African nations, affecting their ability to fund public services and investments.

27 Jan 2026 11:21 am