Tag Archives: Chinese Loan

China now holds 63% of poor countries’ debt to the G20. The information was revealed this week by the World Bank in its new International Debt Statistics (IDS) report. According to the institution, the Chinese share in the debt has been steadily increasing in recent years. In 2013, it was …

The Nigeria’s Debt Management Office (DMO), said as at March 31, 2020, the Total Borrowing by Nigeria from China was USD 3.121 billion. This amount represents only 3.94% of Nigeria’s Total Public Debt of USD79.303 billion as at March 31, 2020. DMO in a statement on Thursday warned the general …