China's Emerging Role in Africa : Part of the Changing Landscape of Infrastructure Finance

In 2006, which China named the "Year of Africa," it quadrupled its investment commitments to infrastructure in Sub-Saharan Africa, to more than $7 billion. In 2007 China committed another $4.5 billion. Such funds could make a significant...

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Bibliographic Details
Main Authors: Foster, Vivien, Butterfield, William, Chen, Chuan, Pushak, Nataliya
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2008/10/10201384/chinas-emerging-role-africa-part-changing-landscape-infrastructure-finance
http://hdl.handle.net/10986/10587
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Summary:In 2006, which China named the "Year of Africa," it quadrupled its investment commitments to infrastructure in Sub-Saharan Africa, to more than $7 billion. In 2007 China committed another $4.5 billion. Such funds could make a significant contribution toward meeting Africa's infrastructure investment needs. In the power sector, where Africa faces some of its largest gaps, China is investing $5.3 billion, including $3.3 billion in projects that, if completed, will increase the region's hydro generation capacity by 30 percent. China's growing role in Africa has generated much discussion. A new study seeks to add concrete numbers and solid analysis.