China’s Development Financing to Southeast Asia Declining, Report Says

According to a new report from the Lowy Institute, Beijing provided 14 percent of the region’s overseas development finance in 2021, down from 24 percent in 2015.

Today, Sydney’s Lowy Institute published new research showing that China has lost its status the largest single provider of development financing to Southeast Asia since the onset of the COVID-19 pandemic.

The Southeast Asia Aid Map, which was released yesterday as an interactive map and accompanying report, tracks financing for more than 107,000 development projects funded by 97 development partners – both foreign governments and international non-government organizations – between 2015 and 2021. The data covers projects in all 11 Southeast Asian nations.

The institute found that during that period, the region received about $200 billion in official development finance – an average of around $28 billion per year – in a mix of grants, concessional and non-concessional development loans.

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