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Colombia seeks to join China-based development bank as Latin America drifts away from Washington

  • On May 12, 2025, Colombia and China formalized an agreement in Beijing to collaborate as part of China’s Belt and Road Initiative.
  • Colombia's decision follows growing Chinese economic influence and aims to diversify global partnerships amid a traditionally U.S.-aligned region.
  • The agreement includes commitments from China to support trade, investment, infrastructure projects, and import more Colombian products.
  • Colombia's Foreign Minister called the pact its "boldest step in decades," while President Petro highlighted shifting foreign relations towards equality and freedom.
  • The move could boost Colombia's infrastructure and technology sectors but raises concerns about debt and project transparency, with outcomes dependent on governance.
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Colombia seeks to join China-based development bank as Latin America drifts away from Washington

Colombia’s government has applied to join a China-based development bank. It's another sign of Latin America’s drift away from the U.S. as the Trump administration’s foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington’s g

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The Rio Times broke the news in Brazil on Monday, May 12, 2025.
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