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Chinese bilateral loans to the region eclipsed the combined lending to the region by the World Bank, the Inter-American Development Bank and the Development Bank of Latin America, known as the CAF, Kevin Gallaher, a Boston University professor and coordinator of the report, said at a press conference.
Gallagher said the data showed that China was increasing its lending to Latin America at a time of cutbacks by other institutions, including the World Bank and the IDB, whose loans to the region fell to $8 billion and $11.5 billion last year, a decline of 8 percent and 14 percent, respectively.
http://news.co.cr/china-lending-to-l...ta-rica/44798/
Gallagher said the data showed that China was increasing its lending to Latin America at a time of cutbacks by other institutions, including the World Bank and the IDB, whose loans to the region fell to $8 billion and $11.5 billion last year, a decline of 8 percent and 14 percent, respectively.
http://news.co.cr/china-lending-to-l...ta-rica/44798/