The Carolina Foundation lists the Dominican Republic as having received a loan from China. Their source is a list prepared by the Latin American Federation of Banks (Felaban). On the Felaban list are Venezuela with 18 loans, Brazil, Argentina and Jamaica with 11, Ecuador with 15, Bolivia with 9, Cuba with 3, Guyana, Bahamas and Trinidad & Tobago with 2 and Mexico, Costa Rica, Barbados, Peru and the Dominican Republic with one. Other reports say that the Dominican loan was transacted but was not disbursed.
China has made an estimated US$141 billion in loans to the Latin American region from 2005-2016, according to the Carolina Foundation report that is based on data from the Economic Commission for Latin America and the Caribbean (ECLAC).
The Carolina Foundation “State of China-Latin American Relations” estimates that more than 2,000 Chinese companies have installed themselves in the region, generating 1.8 million jobs. China is today the second biggest foreign investor after the United States. In 2017, it was contributing 15% of direct foreign investment in the region. 44% of the investments are in Venezuela, 26% in Brazil, 12% in Ecuador and 11% in Argentina. Since 2005, Argentina, Brazil and Peru account for more than 80% of China’s investment in energy and mining, according to the report.
The Dominican Republic signed full diplomatic relations with China in May 2018.
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Listin Diario
23 October 2019