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- $170 billionLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.From 2001 to 2022, PRC financial institutions provided more than $170 billion in credit, loans, and grants to African nations, primarily to fund infrastructure projects tied to the PRC’s Belt and Road Initiative.www.cna.org/our-media/indepth/2024/03/china-loa…New loans: For 2021 and 2022, the CLA Database recorded 16 new loan commitments worth $2.22 billion from Chinese lenders to African government borrowers, signifying two consecutive years of lending to Africa below $2 billion. In 2021, seven loans totaling $1.22 billion were signed, and in 2022, nine loans amounting to $994.48 million were signed.www.bu.edu/gdp/2023/09/18/a-new-state-of-lendin…
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