Publication:
Building Bridges : China's Growing Role as Infrastructure Financier for Sub-Saharan Africa

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dc.contributor.authorButterfield, William
dc.contributor.authorFoster, Vivien
dc.contributor.authorChen, Chuan
dc.contributor.authorPushak, Nataliya
dc.date.accessioned2012-03-19T10:03:04Z
dc.date.available2012-03-19T10:03:04Z
dc.date.issued2009
dc.description.abstractChina 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.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090413020329
dc.identifier.doi10.1596/978-0-8213-7554-9
dc.identifier.isbn978-0-8213-7554-9
dc.identifier.urihttps://hdl.handle.net/10986/2614
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesTrends and Policy Options ; no. 5
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectAFFILIATE
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectBACKED FINANCING
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBOTTLENECKS
dc.subjectBRIDGE
dc.subjectBUSINESS RISKS
dc.subjectBUYER
dc.subjectCHAMBER OF COMMERCE
dc.subjectCHECKS
dc.subjectCOMMERCIAL CONTRACTS
dc.subjectCOMMODITIES
dc.subjectCONSULTING SERVICES
dc.subjectCONSUMER
dc.subjectCONSUMER GOODS
dc.subjectCONTRIBUTION
dc.subjectCONTRIBUTIONS
dc.subjectCREDIT AGENCIES
dc.subjectCREDIT ARRANGEMENTS
dc.subjectCREDIT LINE
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBTOR
dc.subjectDEBTOR REPORTING SYSTEM
dc.subjectDEBTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT CORPORATION
dc.subjectDISBURSEMENTS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC REFORMS
dc.subjectEMERGING ECONOMIES
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectENVIRONMENTAL REGULATIONS
dc.subjectEQUALITY
dc.subjectEQUIPMENT
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY FLOWS
dc.subjectEQUITY INVESTMENTS
dc.subjectEXPORT FINANCING
dc.subjectEXPORTER
dc.subjectEXTERNAL FINANCE
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCING NEEDS
dc.subjectFINANCING OF INFRASTRUCTURE
dc.subjectFINANCING SOURCES
dc.subjectFIRST LOAN
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFREIGHT
dc.subjectFREIGHT COSTS
dc.subjectFUEL
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBALIZATION
dc.subjectGRACE PERIOD
dc.subjectGRACE PERIODS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH-SPEED RAIL
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHOST GOVERNMENT
dc.subjectHOUSEHOLD ACCESS
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectIMPORT BANKS
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINDEBTEDNESS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE FUNDING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTALLMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL AIRPORT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT FORUM
dc.subjectKEY CHALLENGE
dc.subjectLEVEL OF CONFIDENCE
dc.subjectLIGHT RAILWAY
dc.subjectLINE OF CREDIT
dc.subjectLINES OF CREDIT
dc.subjectLOAN
dc.subjectLOAN COMMITMENTS
dc.subjectLOWER INCOME
dc.subjectMASS TRANSIT
dc.subjectMASS TRANSIT SYSTEM
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMONETARY FUND
dc.subjectNATURAL RESOURCE EXPLOITATION
dc.subjectNATURAL RESOURCES
dc.subjectOUTREACH
dc.subjectPORTFOLIO
dc.subjectPRESS RELEASES
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPROSPERITY
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC WORKS
dc.subjectPURCHASES
dc.subjectRAIL
dc.subjectRAIL LINK
dc.subjectRAIL MASS TRANSIT
dc.subjectRAIL PROJECT
dc.subjectRAIL PROJECTS
dc.subjectRAIL SECTOR
dc.subjectRAILROAD
dc.subjectRAILROADS
dc.subjectRAILWAY
dc.subjectRAILWAY LINES
dc.subjectRAILWAY SYSTEM
dc.subjectRAILWAYS
dc.subjectRAPID GROWTH
dc.subjectREPAYMENT
dc.subjectRESETTLEMENT
dc.subjectRESPONSIBILITIES
dc.subjectRETURN
dc.subjectRING ROAD
dc.subjectROAD BUILDING
dc.subjectROAD PROJECTS
dc.subjectROADS
dc.subjectROUTE
dc.subjectSALES
dc.subjectSANITATION
dc.subjectSENIOR
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOURCE OF INFORMATION
dc.subjectSOURCES OF FINANCE
dc.subjectSPECIAL FUND
dc.subjectSTOCK MARKETS
dc.subjectSUBSIDIARY
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL COST
dc.subjectTRADING
dc.subjectTRANSPORT
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SECTOR
dc.subjectTRAVEL TIMES
dc.subjectTRUE
dc.subjectTURNOVER
dc.subjectVALUABLE
dc.subjectWATER SUPPLY
dc.subjectWEB SITES
dc.subjectWORTH
dc.titleBuilding Bridges : China's Growing Role as Infrastructure Financier for Sub-Saharan Africaen
dspace.entity.typePublication
okr.date.disclosure2010-05-19
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090413020329
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.guid936991468023953753
okr.identifier.doi10.1596/978-0-8213-7554-9
okr.identifier.externaldocumentum000333038_20090413020329
okr.identifier.internaldocumentum10439822
okr.identifier.report48091
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/04/13/000333038_20090413020329/Rendered/PDF/480910PUB0Buil101OFFICIAL0USE0ONLY1.pdfen
okr.peerreviewAcademic Peer Review
okr.region.countryChina
okr.region.geographicalEast Asia
okr.region.geographicalAfrica
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicTransport
okr.unitAFT: Sustainable Dev Fr. Office (AFTSN)
okr.volume1 of 1
relation.isAuthorOfPublication059954cc-a249-5318-9829-61a08ded2637
relation.isAuthorOfPublication.latestForDiscovery059954cc-a249-5318-9829-61a08ded2637
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