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China’s share in poor countries’ debt to the G20 reached 63% – Report

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Within the G-20 creditor group, there have been some important shifts characterized by a marked increase in lending by G-20 member countries that are themselves middle-income countries.

China, by far the largest creditor, has seen its share of the combined debt owed to G-20 countries rise from 45 percent in 2013 to 63 percent at end-2019. Over the same period the share for Japan, the second-largest G-20 creditor, has remained broadly the same at 15 percent. China now holds 63% of poor countries’ debt to the G20.

The information was revealed this week by the World Bank in its new International Debt Statistics (IDS) report.

China’s share in poor countries' debt to the G20 reached 63% - Report Brandspurng
Shanghai, China | Photo by Nuno Alberto

According to the report, the Chinese share in the debt has been steadily increasing in recent years. In 2013, it was only 45% and this figure was already considered at the time as a fairly high level for a country that still considers itself a middle-income nation.

The report indicated that the increase in China’s share goes with an increase in the debt of poor countries. The total external debt of countries eligible for the Debt Service Suspension Initiative (DSSI) adopted in April 2020 by the G-20 countries rose by 9.5% compared to the previous year. It reached a record $744 billion in 2019 and grew twice as fast as that of other low and middle-income countries.

Regional and Country levels

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Countries in Sub-Saharan Africa recorded the fastest accumulation of external debt stock in 2019, on average 9.4 percent, propelled by a comparable rise in the debt stock of the major regional economies, including Nigeria and South Africa and other borrowers across the region.

NIGERIA

(US$ million, unless otherwise indicated)

India drove the 6 percent rise in debt stocks in the South Asia region, but the increase was mirrored in the 9.5 percent rise in the external debt stock of Bangladesh, reflecting the implementation of large infrastructure projects, and the 7.8 percent increase in Pakistan, driven by higher inflows of budgetary support from multilateral creditors, including the first disbursement under the IMF Extended Fund Facility in July 2019.

External debt stock rose 6.4 percent in East Asia and the Pacific, excluding China, with the major borrowers (Indonesia, the Philippines, and Thailand) all recording an increase of 5–6 percent and Vietnam recording an increase of 10.9 percent, driven by a 24.6 percent increase in short-term debt.

China’s share in poor countries' debt to the G20 reached 63% Brandspurng2
INTERNATIONAL DEBT STATISTICS
2021 | www.brandspurng.com

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China’s share in poor countries' debt to the G20 reached 63% Brandspurng2
INTERNATIONAL
DEBT STATISTICS
2021 | www.brandspurng.com

China’s share in poor countries' debt to the G20 reached 63% Brandspurng2
INTERNATIONAL
DEBT STATISTICS
2021 | www.brandspurng.com

Debt stocks rose on average 5.3 percent in the Middle East and North Africa region, propelled by a 14.9 percent rise in external debt stocks in the region’s largest borrower, the Arab Republic of Egypt, following an $8 billion Eurobond issuance and the disbursement of the last tranche ($4 billion) from the IMF 2016 Extended Fund Facility.

Read Also:  What Sort Of Debt Collector Are You?

Equity Flows in 2019

FDI inflows to low- and middle-income countries fell marginally in 2019 but were characterized by a marked change in destination for some of the largest recipients.

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Countries in Sub-Saharan Africa recorded a 26 percent increase in FDI inflows in 2019 to $23 billion. Much of this increase is attributable to a slowdown in net divestment from Angola caused by repatriation in the oil sector.

FDI flows remained negative in 2019 (−$4.7 billion) but lessso than in 2 018 (−$7.1 billion). FDI inflows to Nigeria jumped 81 percent to $3.3 billion, accompanied by some diversification from the oil sector, and rose 71 percent in Côte d’Ivoire, to $1 billion, in tandem with the country’s sustained economic growth.

Net FDI inflows to Ethiopia, the largest FDI recipient in Eastern Africa, fell 25 percent to $2.5 billion partly because of instability in some regions, but with broad-based investment across manufacturing and services. FDI inflows to Ghana followed a similar trajectory, down 22 percent to $2.3 billion, but investments remained largely focused on oil and gas facilities.

The maturity structure and borrower composition of external debt stocks is characterized by a stark difference between China and other low- and middle-income countries.

For most low- and middle-income countries, external debt obligations are predominantly long term, and the largest share is owed by governments and other public sector entities.

The composition of China’s external debt stock is atypical for low- and middle-income countries: more than half (57 percent) of the end-2019 external debt stock was short term, and only 15 percent of long-term obligations were accounted for by public sector borrowers.

The combined end-2019 external debt stocks of low and middle-income countries, including China, comprised public and publicly guaranteed debt (40 percent), whereas the obligations of private sector entities without a government guarantees accounted for 33 percent, and short-term debt for 27 percent.

Excluding China significantly alters the picture: the share of short-term debt falls to 16 percent, and the share of long-term debt owed by public and publicly guaranteed borrowers rises to 49 percent.

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China’s share in poor countries' debt to the G20 reached 63% - Report - Brand Spur

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HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.

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Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

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At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


China’s share in poor countries' debt to the G20 reached 63% - Report - Brand Spur
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spot_imgspot_img

Latest News

Trend Micro Placed in 2021 Magic Quadrant for Endpoint Protection Platforms

Recognized for Completeness of Vision and Ability to Execute

 

HONG KONG SAR - Media OutReach - 13 May 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Endpoint Protection Platform for its offering, Trend Micro Apex One. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.


Trend Micro is continually innovating and anticipating emerging threats. Our flagship Apex One endpoint protection platform features broad coverage against today's most critical threats. Our customers are protected using a range of techniques including virtual patching, which immediately protects against exploits until the vendor patch is applied.


Read the full Magic Quadrant for Endpoint Protection Platform report at: https://resources.trendmicro.com/Gartner-Magic-Quadrant-Endpoints.html

"The endpoint has become a key battleground as determined threat actors try to take advantage of the pandemic to target distributed workforces and vulnerable remote access infrastructure. But throughout this difficult period, we've been there for our customers," said Wendy Moore, vice president of product marketing for Trend Micro. "I'm delighted to see us recognized again for doing what we do best: Protecting global organizations through innovative, cloud-first and platform-based security. We will continue to focus on offering simple, robust and industry-leading protection through our cybersecurity platform."

At the heart of the company's cybersecurity platform is Trend Micro Vision One, which delivers visibility and XDR using telemetry from Apex One in addition to email, servers, cloud workloads and networks for faster detections and investigations.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

* Gartner disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk


#TrendMicro


China’s share in poor countries' debt to the G20 reached 63% - Report - Brand Spur
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