Thursday, September 27, 2012

China foreign aid fact of the day

In 2009 and 2010 China agreed to lend about $110 to developing countries, $10 bn more than the World Bank in that period... The Chinese Eximbank lent $67.2 bn to sub-Saharan Africa between 2001 and 2010, $12.5 bn more than the $54.7 bn lent by the World Bank. 
(HT : FT

4 comments:

charitha said...

sir Could u plz help me in understanding Middle kingdom approach of china???
and how is it a threat to USA and yeah even India???

vikramhegde said...

I take your broader point. However, the maths doesn't seem to add up. China lends, to Sub-Saharan Africa 62.7 bil, World Bank lends 54.7 bil, stated difference is 12.5 bil, apparent arithmetical difference is 8 bil. What am I missing here?

gulzar said...

thanks vikram for pointing out that. it has been corrected to $67.2 bn

laurie Sanderz said...

Nice to see, that was a interesting article...