By By (author) William Butterfield, By (author) Chuan Chen By (author) Vivien Foster
In recent times, a few rising economies have all started to play a transforming into position within the finance of infrastructure in Sub-Saharan Africa. Their mixed source flows at the moment are similar in scale to conventional reputable improvement suggestions (ODA) from agency for monetary Co-operation and improvement (OECD) nations or to capital from deepest traders. those rising financiers comprise China, India, and the Gulf States, with China being through a long way the biggest participant. regardless of its value, rather little is understood in regards to the worth of chinese language finance. 'Building Bridges' quantifies the importance of monetary flows from China by means of collating public info from quite a lot of chinese assets. in this foundation, it turns into attainable to rfile the geographic distribution of assets, the categories of infrastructures concerned, the dimensions and financing phrases of the tasks, and the modalities in which finance is being supplied.
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Extra info for Building Bridges: China's Growing Role As Infrastructure Financier for Africa (Trends and Policy Options)
Roads The Chinese have been active in building roads across Africa. The database has recorded more than 18 projects involving Chinese commitments for construction and rehabilitation of more than 1,400 kilometers of road. However, the aggregate value of finance for confirmed projects at around US$550 million is substantially below that reported for the other sectors. The road projects that Chinese firms have undertaken have been relatively small compared to average project sizes in other sectors, and many of them are financed by The Emergence of Chinese Infrastructure Finance 23 grants from the Ministry of Commerce.
African leadership has typically welcomed China’s fresh approach to development assistance, which eschews any interference in domestic affairs and emphasizes partnership and solidarity among developing nations (King 2006; Pambazuka 2006). However, a number of civil society commentators have expressed concerns about the social and environmental standards applied in Chinese-funded projects in Africa (Alden and Rothman 2006; Bosshard 2007, 2008; Glosny 2006; Kurlantzick 2006; Pambazuka 2006). These relate primarily to the import of Chinese laborers and the resettlement procedures associated with the construction of large dams.
China has developed one of the world’s largest and most competitive construction industries, with particular expertise in the civil works critical for infrastructure development. On the Table 4: Economic complementarities between China and sub-Saharan Africa Infrastructure Resources Africa Africa has a major infrastructure deficit. China China has a large, globally competitive construction industry. Africa is a major exporter of natural resources, with infrastructure bottlenecks preventing full realization of its potential China’s manufacturing-based economy creates high demand for natural resource inputs, beyond those domestically available.