By As of the latest available data, several countries are heavily indebted to China, which has emerged as a significant global lender in recent decades. Pakistan tops the list, owing approximately $26.6 billion. China’s extensive investment in Pakistan, particularly through the China-Pakistan Economic Corridor (CPEC), has significantly contributed to this debt. While these investments aim to boost infrastructure and economic development, they have also raised concerns about debt sustainability. Angola is the second most indebted nation, with an estimated debt of $21 billion.
The country’s heavy reliance on oil-backed loans from China has placed it in a vulnerable position, especially during periods of declining oil prices. Sri Lanka follows closely with $8.9 billion in debt. The island nation has faced severe financial challenges, partly attributed to its inability to service these debts, leading to widespread economic instability.
Ethiopia and Kenya owe $6.8 billion and $6.7 billion, respectively. Both countries have taken significant loans for infrastructure development, including railways and industrial parks. Similarly, Bangladesh and Zambia each have debts of around $6.1 billion, largely due to infrastructure financing agreements. Laos, Egypt, and Nigeria round off the list, with debts ranging from $4.3 billion to $5.3 billion.
These nations have relied on Chinese loans for various development projects, but concerns about potential debt traps loom large. China’s lending strategy has sparked debates over its geopolitical influence and the long-term economic impact on borrower nations. These figures, sourced from the World Bank’s International Debt Statistics as of 2022, provide insights into the economic ties between China and borrowing nations. However, for the most accurate and up-to-date information for 2025, it is essential to refer to the latest reports from international financial organizations.
