Chexim, CDB lent more to global energy projects than the World Bank

The China Development Bank and Export-Import Bank of China (Chexim) spent more money on global energy projects than the emerging markets lending arm of the World Bank, known as the International Bank for Reconstruction and Development (IBRD).

They loaned $25.6 billion in global energy projects alone last year, compared with the $22.6 billion IBRD provided in financing across project lines. Hydropower and oil were the top two investments made by CDB and Chexim.