The external debt situation for low- and middle-income countries (LMICs) has significantly worsened over the past decade, with debt growing faster than economic development. This issue is particularly severe in poorer countries, where external debt has surged the most. BangladeshBangladesh’s $6.05 billion debt to China has financed many key infrastructure projects, like power plants and bridges. LaosLaos has a notable debt to China due to infrastructure projects like railways that aim to improve connectivity within the region. NigeriaNigeria ranks high among countries indebted to China, with specific debt figures not provided.

Source: Nigerian Tribune May 28, 2024 16:11 UTC