Butterfield, WilliamFoster, VivienChen, ChuanPushak, Nataliya2012-03-192012-03-192009978-0-8213-7554-9https://hdl.handle.net/10986/2614China 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.CC BY 3.0 IGOACCOUNTINGAFFILIATEAGRICULTURAL PRODUCTSBACKED FINANCINGBANK CREDITBANK FINANCINGBANK LOANBANK LOANSBENEFICIARIESBENEFICIARYBORROWERBORROWINGBOTTLENECKSBRIDGEBUSINESS RISKSBUYERCHAMBER OF COMMERCECHECKSCOMMERCIAL CONTRACTSCOMMODITIESCONSULTING SERVICESCONSUMERCONSUMER GOODSCONTRIBUTIONCONTRIBUTIONSCREDIT AGENCIESCREDIT ARRANGEMENTSCREDIT LINECREDITORSCREDITSDEBTDEBT RELIEFDEBT SUSTAINABILITYDEBTORDEBTOR REPORTING SYSTEMDEBTSDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT CORPORATIONDISBURSEMENTSECONOMIC COOPERATIONECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC REFORMSEMERGING ECONOMIESENVIRONMENTAL IMPACTSENVIRONMENTAL REGULATIONSEQUALITYEQUIPMENTEQUITY CAPITALEQUITY FLOWSEQUITY INVESTMENTSEXPORT FINANCINGEXPORTEREXTERNAL FINANCEFINANCIAL ASSISTANCEFINANCIAL FLOWSFINANCIAL SUPPORTFINANCING NEEDSFINANCING OF INFRASTRUCTUREFINANCING SOURCESFIRST LOANFOREIGN DIRECT INVESTMENTFREIGHTFREIGHT COSTSFUELGLOBAL ECONOMYGLOBALIZATIONGRACE PERIODGRACE PERIODSGROSS DOMESTIC PRODUCTHIGH-SPEED RAILHOST COUNTRIESHOST COUNTRYHOST GOVERNMENTHOUSEHOLD ACCESSHOUSEHOLDSHOUSINGIMPORT BANKSINCOMEINCOME LEVELINDEBTEDNESSINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCEINFRASTRUCTURE FINANCINGINFRASTRUCTURE FUNDINGINFRASTRUCTURE INVESTMENTINFRASTRUCTURE PROJECTSINSTALLMENTSINTEREST RATEINTEREST RATESINTERNATIONAL AIRPORTINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINVESTMENT CLIMATEINVESTMENT CORPORATIONINVESTMENT FORUMKEY CHALLENGELEVEL OF CONFIDENCELIGHT RAILWAYLINE OF CREDITLINES OF CREDITLOANLOAN COMMITMENTSLOWER INCOMEMASS TRANSITMASS TRANSIT SYSTEMMATURITIESMATURITYMONETARY FUNDNATURAL RESOURCE EXPLOITATIONNATURAL RESOURCESOUTREACHPORTFOLIOPRESS RELEASESPRIVATE EQUITYPRIVATE INVESTORSPRIVATE SECTOR INVESTMENTPROSPERITYPUBLIC GOODSPUBLIC WORKSPURCHASESRAILRAIL LINKRAIL MASS TRANSITRAIL PROJECTRAIL PROJECTSRAIL SECTORRAILROADRAILROADSRAILWAYRAILWAY LINESRAILWAY SYSTEMRAILWAYSRAPID GROWTHREPAYMENTRESETTLEMENTRESPONSIBILITIESRETURNRING ROADROAD BUILDINGROAD PROJECTSROADSROUTESALESSANITATIONSENIORSOCIAL DEVELOPMENTSOURCE OF INFORMATIONSOURCES OF FINANCESPECIAL FUNDSTOCK MARKETSSUBSIDIARYTELECOMMUNICATIONSTOTAL COSTTRADINGTRANSPORTTRANSPORT PROJECTSTRANSPORT SECTORTRAVEL TIMESTRUETURNOVERVALUABLEWATER SUPPLYWEB SITESWORTHWorld Bank10.1596/978-0-8213-7554-9