How Chinese Money is Transforming Africa: It's Not What You Think

Jyhjong Hwang, Deborah Brautigam and Janet Eom

No 11/2016, SAIS-CARI Policy Briefs from Johns Hopkins University, School of Advanced International Studies (SAIS), China Africa Research Initiative (CARI)

Abstract: When, why, and how are Chinese banks really financing African development? This policy brief presents CARI researchers' analysis of Chinese loans in Africa, drawing from data collected and cleaned by CARI since 2007. Between 2000 and 2014, the Chinese government, banks and contractors extended US $86.3 billion worth of loans to African governments and state-owned enterprises (SOEs). Angola received the most Chinese loans, totally $21.2 billion over the past 15 years, followed by Ethiopia ($12.3 billion) and Sudan ($5.6 billion). Transportation, energy, and mining are the three largest sectors financed by Chinese loans in Africa.

Date: 2016, Revised 2016
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:caripb:112016

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