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Ukraine Info
International Women's Rights Day celebrated in one of Crédit Agricole's branches in Ukraine
Published at
8 Mar 2022
- Updated at
9 Mar 2022
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China: a selective and greedy lender of last resort
Having invested heavily in the Belt and Road Initiative between 2012 and 2018, since 2019 China has seen its debtors increasingly run into payment difficulties – a situation that has only worsened since Covid. A recent paper1 by AidData, the William & Mary university research lab, shows that China has had to step up its role as lender of last resort in response to the some of its debtors’ excessive debt levels.
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