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 moves to join China based development bank as Latin America reorients geopolitical ties
Colombian President Gustavo Petro concluded his vacation to China this week with a trip in Shanghai, where he met with former Brazilian President Dilma Rousseff, the president of the New Development Bank
·Mumbai, India
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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
·United States
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