Building Bridges : China's Growing Role as Infrastructure Financier for Sub-Saharan Africa
China and Africa have a long history of political and economic ties, which have greatly intensified in recent years. Both bilateral trade and Chinese foreign direct investment (FDI) in Africa grew about fourfold between 2001 and 2005, accompanied b...
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090413020329 http://hdl.handle.net/10986/2614 |
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okr-10986-2614 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING AFFILIATE AGRICULTURAL PRODUCTS BACKED FINANCING BANK CREDIT BANK FINANCING BANK LOAN BANK LOANS BENEFICIARIES BENEFICIARY BORROWER BORROWING BOTTLENECKS BRIDGE BUSINESS RISKS BUYER CHAMBER OF COMMERCE CHECKS COMMERCIAL CONTRACTS COMMODITIES CONSULTING SERVICES CONSUMER CONSUMER GOODS CONTRIBUTION CONTRIBUTIONS CREDIT AGENCIES CREDIT ARRANGEMENTS CREDIT LINE CREDITORS CREDITS DEBT DEBT RELIEF DEBT SUSTAINABILITY DEBTOR DEBTOR REPORTING SYSTEM DEBTS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CORPORATION DISBURSEMENTS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES ENVIRONMENTAL IMPACTS ENVIRONMENTAL REGULATIONS EQUALITY EQUIPMENT EQUITY CAPITAL EQUITY FLOWS EQUITY INVESTMENTS EXPORT FINANCING EXPORTER EXTERNAL FINANCE FINANCIAL ASSISTANCE FINANCIAL FLOWS FINANCIAL SUPPORT FINANCING NEEDS FINANCING OF INFRASTRUCTURE FINANCING SOURCES FIRST LOAN FOREIGN DIRECT INVESTMENT FREIGHT FREIGHT COSTS FUEL GLOBAL ECONOMY GLOBALIZATION GRACE PERIOD GRACE PERIODS GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HOST COUNTRIES HOST COUNTRY HOST GOVERNMENT HOUSEHOLD ACCESS HOUSEHOLDS HOUSING IMPORT BANKS INCOME INCOME LEVEL INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INSTALLMENTS INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT CORPORATION INVESTMENT FORUM KEY CHALLENGE LEVEL OF CONFIDENCE LIGHT RAILWAY LINE OF CREDIT LINES OF CREDIT LOAN LOAN COMMITMENTS LOWER INCOME MASS TRANSIT MASS TRANSIT SYSTEM MATURITIES MATURITY MONETARY FUND NATURAL RESOURCE EXPLOITATION NATURAL RESOURCES OUTREACH PORTFOLIO PRESS RELEASES PRIVATE EQUITY PRIVATE INVESTORS PRIVATE SECTOR INVESTMENT PROSPERITY PUBLIC GOODS PUBLIC WORKS PURCHASES RAIL RAIL LINK RAIL MASS TRANSIT RAIL PROJECT RAIL PROJECTS RAIL SECTOR RAILROAD RAILROADS RAILWAY RAILWAY LINES RAILWAY SYSTEM RAILWAYS RAPID GROWTH REPAYMENT RESETTLEMENT RESPONSIBILITIES RETURN RING ROAD ROAD BUILDING ROAD PROJECTS ROADS ROUTE SALES SANITATION SENIOR SOCIAL DEVELOPMENT SOURCE OF INFORMATION SOURCES OF FINANCE SPECIAL FUND STOCK MARKETS SUBSIDIARY TELECOMMUNICATIONS TOTAL COST TRADING TRANSPORT TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIMES TRUE TURNOVER VALUABLE WATER SUPPLY WEB SITES WORTH |
| spellingShingle |
ACCOUNTING AFFILIATE AGRICULTURAL PRODUCTS BACKED FINANCING BANK CREDIT BANK FINANCING BANK LOAN BANK LOANS BENEFICIARIES BENEFICIARY BORROWER BORROWING BOTTLENECKS BRIDGE BUSINESS RISKS BUYER CHAMBER OF COMMERCE CHECKS COMMERCIAL CONTRACTS COMMODITIES CONSULTING SERVICES CONSUMER CONSUMER GOODS CONTRIBUTION CONTRIBUTIONS CREDIT AGENCIES CREDIT ARRANGEMENTS CREDIT LINE CREDITORS CREDITS DEBT DEBT RELIEF DEBT SUSTAINABILITY DEBTOR DEBTOR REPORTING SYSTEM DEBTS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CORPORATION DISBURSEMENTS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES ENVIRONMENTAL IMPACTS ENVIRONMENTAL REGULATIONS EQUALITY EQUIPMENT EQUITY CAPITAL EQUITY FLOWS EQUITY INVESTMENTS EXPORT FINANCING EXPORTER EXTERNAL FINANCE FINANCIAL ASSISTANCE FINANCIAL FLOWS FINANCIAL SUPPORT FINANCING NEEDS FINANCING OF INFRASTRUCTURE FINANCING SOURCES FIRST LOAN FOREIGN DIRECT INVESTMENT FREIGHT FREIGHT COSTS FUEL GLOBAL ECONOMY GLOBALIZATION GRACE PERIOD GRACE PERIODS GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HOST COUNTRIES HOST COUNTRY HOST GOVERNMENT HOUSEHOLD ACCESS HOUSEHOLDS HOUSING IMPORT BANKS INCOME INCOME LEVEL INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INSTALLMENTS INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT CORPORATION INVESTMENT FORUM KEY CHALLENGE LEVEL OF CONFIDENCE LIGHT RAILWAY LINE OF CREDIT LINES OF CREDIT LOAN LOAN COMMITMENTS LOWER INCOME MASS TRANSIT MASS TRANSIT SYSTEM MATURITIES MATURITY MONETARY FUND NATURAL RESOURCE EXPLOITATION NATURAL RESOURCES OUTREACH PORTFOLIO PRESS RELEASES PRIVATE EQUITY PRIVATE INVESTORS PRIVATE SECTOR INVESTMENT PROSPERITY PUBLIC GOODS PUBLIC WORKS PURCHASES RAIL RAIL LINK RAIL MASS TRANSIT RAIL PROJECT RAIL PROJECTS RAIL SECTOR RAILROAD RAILROADS RAILWAY RAILWAY LINES RAILWAY SYSTEM RAILWAYS RAPID GROWTH REPAYMENT RESETTLEMENT RESPONSIBILITIES RETURN RING ROAD ROAD BUILDING ROAD PROJECTS ROADS ROUTE SALES SANITATION SENIOR SOCIAL DEVELOPMENT SOURCE OF INFORMATION SOURCES OF FINANCE SPECIAL FUND STOCK MARKETS SUBSIDIARY TELECOMMUNICATIONS TOTAL COST TRADING TRANSPORT TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIMES TRUE TURNOVER VALUABLE WATER SUPPLY WEB SITES WORTH Foster, Vivien Butterfield, William Chen, Chuan Pushak, Nataliya Building Bridges : China's Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| geographic_facet |
East Asia Africa China |
| relation |
Trends and Policy Options ; no. 5 |
| description |
China and Africa have a long history of
political and economic ties, which have greatly intensified
in recent years. Both bilateral trade and Chinese foreign
direct investment (FDI) in Africa grew about fourfold
between 2001 and 2005, accompanied by a major influx of
Chinese enterprises and workers into the region. The natural
resource sector, principally petroleum and to a lesser
extent minerals, has been the major focus for both Chinese
FDI to Africa and African exports to China. The report is
structured along the following sections. Section two
provides an overview of the growing economic ties between
China and Africa, in particular the extent of current
understanding of Chinese infrastructure finance in the
region. Section three examines the data available from
official Chinese government sources and discusses the
methodological challenges inherent in quantifying the extent
of official assistance for infrastructure finance. Section
four presents the headline estimates on the value of Chinese
finance based on the projects database developed for this
report. Section five details the economic complementarities
that exist between China and Africa, based on Africa's
need for infrastructure and China's natural resource
import requirements. Sections six and seven present a more
detailed profile of Chinese-financed infrastructure projects
in Africa on a sector-by-sector and country-by-country
basis. Section eight presents the available information on
financing mechanisms and terms, and considers the overall
impact on country indebtedness. Section nine places the
phenomenon of Chinese infrastructure finance into a broader
international perspective, comparing it with flows provided
by traditional Organization for Economic Co-Operation and
Development (OECD) financiers and other emerging players
such as India and the Arab countries. Finally, section ten
draws out the main conclusions and implications. |
| format |
Publications & Research :: Publication |
| author |
Foster, Vivien Butterfield, William Chen, Chuan Pushak, Nataliya |
| author_facet |
Foster, Vivien Butterfield, William Chen, Chuan Pushak, Nataliya |
| author_sort |
Foster, Vivien |
| title |
Building Bridges : China's
Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| title_short |
Building Bridges : China's
Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| title_full |
Building Bridges : China's
Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| title_fullStr |
Building Bridges : China's
Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| title_full_unstemmed |
Building Bridges : China's
Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| title_sort |
building bridges : china's
growing role as infrastructure financier for sub-saharan africa |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090413020329 http://hdl.handle.net/10986/2614 |
| _version_ |
1764385708527583232 |
| spelling |
okr-10986-26142021-04-23T14:02:03Z Building Bridges : China's Growing Role as Infrastructure Financier for Sub-Saharan Africa Foster, Vivien Butterfield, William Chen, Chuan Pushak, Nataliya ACCOUNTING AFFILIATE AGRICULTURAL PRODUCTS BACKED FINANCING BANK CREDIT BANK FINANCING BANK LOAN BANK LOANS BENEFICIARIES BENEFICIARY BORROWER BORROWING BOTTLENECKS BRIDGE BUSINESS RISKS BUYER CHAMBER OF COMMERCE CHECKS COMMERCIAL CONTRACTS COMMODITIES CONSULTING SERVICES CONSUMER CONSUMER GOODS CONTRIBUTION CONTRIBUTIONS CREDIT AGENCIES CREDIT ARRANGEMENTS CREDIT LINE CREDITORS CREDITS DEBT DEBT RELIEF DEBT SUSTAINABILITY DEBTOR DEBTOR REPORTING SYSTEM DEBTS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT CORPORATION DISBURSEMENTS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORMS EMERGING ECONOMIES ENVIRONMENTAL IMPACTS ENVIRONMENTAL REGULATIONS EQUALITY EQUIPMENT EQUITY CAPITAL EQUITY FLOWS EQUITY INVESTMENTS EXPORT FINANCING EXPORTER EXTERNAL FINANCE FINANCIAL ASSISTANCE FINANCIAL FLOWS FINANCIAL SUPPORT FINANCING NEEDS FINANCING OF INFRASTRUCTURE FINANCING SOURCES FIRST LOAN FOREIGN DIRECT INVESTMENT FREIGHT FREIGHT COSTS FUEL GLOBAL ECONOMY GLOBALIZATION GRACE PERIOD GRACE PERIODS GROSS DOMESTIC PRODUCT HIGH-SPEED RAIL HOST COUNTRIES HOST COUNTRY HOST GOVERNMENT HOUSEHOLD ACCESS HOUSEHOLDS HOUSING IMPORT BANKS INCOME INCOME LEVEL INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE FUNDING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INSTALLMENTS INTEREST RATE INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT CORPORATION INVESTMENT FORUM KEY CHALLENGE LEVEL OF CONFIDENCE LIGHT RAILWAY LINE OF CREDIT LINES OF CREDIT LOAN LOAN COMMITMENTS LOWER INCOME MASS TRANSIT MASS TRANSIT SYSTEM MATURITIES MATURITY MONETARY FUND NATURAL RESOURCE EXPLOITATION NATURAL RESOURCES OUTREACH PORTFOLIO PRESS RELEASES PRIVATE EQUITY PRIVATE INVESTORS PRIVATE SECTOR INVESTMENT PROSPERITY PUBLIC GOODS PUBLIC WORKS PURCHASES RAIL RAIL LINK RAIL MASS TRANSIT RAIL PROJECT RAIL PROJECTS RAIL SECTOR RAILROAD RAILROADS RAILWAY RAILWAY LINES RAILWAY SYSTEM RAILWAYS RAPID GROWTH REPAYMENT RESETTLEMENT RESPONSIBILITIES RETURN RING ROAD ROAD BUILDING ROAD PROJECTS ROADS ROUTE SALES SANITATION SENIOR SOCIAL DEVELOPMENT SOURCE OF INFORMATION SOURCES OF FINANCE SPECIAL FUND STOCK MARKETS SUBSIDIARY TELECOMMUNICATIONS TOTAL COST TRADING TRANSPORT TRANSPORT PROJECTS TRANSPORT SECTOR TRAVEL TIMES TRUE TURNOVER VALUABLE WATER SUPPLY WEB SITES WORTH China and Africa have a long history of political and economic ties, which have greatly intensified in recent years. Both bilateral trade and Chinese foreign direct investment (FDI) in Africa grew about fourfold between 2001 and 2005, accompanied by a major influx of Chinese enterprises and workers into the region. The natural resource sector, principally petroleum and to a lesser extent minerals, has been the major focus for both Chinese FDI to Africa and African exports to China. The report is structured along the following sections. Section two provides an overview of the growing economic ties between China and Africa, in particular the extent of current understanding of Chinese infrastructure finance in the region. Section three examines the data available from official Chinese government sources and discusses the methodological challenges inherent in quantifying the extent of official assistance for infrastructure finance. Section four presents the headline estimates on the value of Chinese finance based on the projects database developed for this report. Section five details the economic complementarities that exist between China and Africa, based on Africa's need for infrastructure and China's natural resource import requirements. Sections six and seven present a more detailed profile of Chinese-financed infrastructure projects in Africa on a sector-by-sector and country-by-country basis. Section eight presents the available information on financing mechanisms and terms, and considers the overall impact on country indebtedness. Section nine places the phenomenon of Chinese infrastructure finance into a broader international perspective, comparing it with flows provided by traditional Organization for Economic Co-Operation and Development (OECD) financiers and other emerging players such as India and the Arab countries. Finally, section ten draws out the main conclusions and implications. 2012-03-19T10:03:04Z 2012-03-19T10:03:04Z 2009 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090413020329 978-0-8213-7554-9 http://hdl.handle.net/10986/2614 English Trends and Policy Options ; no. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia Africa China |