Sebastian Horn
Economist at the Kiel Institute and University of Hamburg specializing in international finance and sovereign debt, and co-author of research on China's lending to developing countries.
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Mar 25, 2026 • 24min
S7 Ep16: The rise and fall of China's overseas lending
Sebastian Horn, economist at the Kiel Institute and University of Hamburg who studies international finance and sovereign debt. He charts China’s $1 trillion lending boom to developing countries and its collapse after 2019. Short, sharp stories about who lent, how loans were collateralized, risky borrowers like Venezuela and Angola, and the unfolding “silent crisis” as repayments now exceed new commitments.
