Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing

Chinese companies are actively involved in building infrastructure facilities in sub-Saharan Africa (SSA), with a substantial part of the projects funded by Chinese banks. According to some estimates, more than 60% of all Chinese loans granted to the SSA countries from 2000 to 2015 were provided to...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	K. A. Gemueva
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2018
Materias:	sub-saharan africa china loan financing energy infrastructure transport infrastructure telecommunications International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/74dd68c1aa3243daaf651eb4e276f95e
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:74dd68c1aa3243daaf651eb4e276f95e
record_format	dspace
spelling	oai:doaj.org-article:74dd68c1aa3243daaf651eb4e276f95e2021-11-07T14:45:02ZChinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing2542-02402587-932410.23932/2542-0240-2018-11-5-55-73https://doaj.org/article/74dd68c1aa3243daaf651eb4e276f95e2018-12-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/353https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324Chinese companies are actively involved in building infrastructure facilities in sub-Saharan Africa (SSA), with a substantial part of the projects funded by Chinese banks. According to some estimates, more than 60% of all Chinese loans granted to the SSA countries from 2000 to 2015 were provided to this end. Vast majority of the projects are carried out by the state-owned enterprises (SOEs). Their main advantages are the opportunity to obtain concessionary financing for the project, a special Chinese model of financing, a government support of activities serving the national strategic goals and the expertise gained from the implementation of similar projects in China. Thiscombination of Chinese banks and companies is an effective tool for promoting China’s strategic economic and political interests. Meanwhile, it gives the SSA countries a unique opportunity to implement large-scale infrastructure projects necessary for further socio-economic development. China’s participation in infrastructure projects in the SSA countries began in the 1960s, and there has been a marked increase in the scale and number of projects since the first decade of the 21st century. In response to the launching “One belt, one road” initiative, the focus is shifting towards cross-border and transregional mega-projects. Chinese financing model profile described in the article comprise “tied” loans, no-political-strings-attached approach (except for the recognition of the “one China” principle), combined schemes to reduce the risk of non-repayment of loans and non-transparent transaction terms. The key areas of infrastructure development by Chinese companies in the SSA countries, i.e. energy, transport and telecommunications, are considered in detail. Particular attention is paid to the largest projects in each area. The problems arising during the implementation of Chinese infrastructure projects, as well as features of the project implementation environment on the African continent are analyzed.K. A. GemuevaАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlesub-saharan africachinaloan financingenergy infrastructuretransport infrastructuretelecommunicationsInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 11, Iss 5, Pp 55-73 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	sub-saharan africa china loan financing energy infrastructure transport infrastructure telecommunications International relations JZ2-6530
spellingShingle	sub-saharan africa china loan financing energy infrastructure transport infrastructure telecommunications International relations JZ2-6530 K. A. Gemueva Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
description	Chinese companies are actively involved in building infrastructure facilities in sub-Saharan Africa (SSA), with a substantial part of the projects funded by Chinese banks. According to some estimates, more than 60% of all Chinese loans granted to the SSA countries from 2000 to 2015 were provided to this end. Vast majority of the projects are carried out by the state-owned enterprises (SOEs). Their main advantages are the opportunity to obtain concessionary financing for the project, a special Chinese model of financing, a government support of activities serving the national strategic goals and the expertise gained from the implementation of similar projects in China. Thiscombination of Chinese banks and companies is an effective tool for promoting China’s strategic economic and political interests. Meanwhile, it gives the SSA countries a unique opportunity to implement large-scale infrastructure projects necessary for further socio-economic development. China’s participation in infrastructure projects in the SSA countries began in the 1960s, and there has been a marked increase in the scale and number of projects since the first decade of the 21st century. In response to the launching “One belt, one road” initiative, the focus is shifting towards cross-border and transregional mega-projects. Chinese financing model profile described in the article comprise “tied” loans, no-political-strings-attached approach (except for the recognition of the “one China” principle), combined schemes to reduce the risk of non-repayment of loans and non-transparent transaction terms. The key areas of infrastructure development by Chinese companies in the SSA countries, i.e. energy, transport and telecommunications, are considered in detail. Particular attention is paid to the largest projects in each area. The problems arising during the implementation of Chinese infrastructure projects, as well as features of the project implementation environment on the African continent are analyzed.
format	article
author	K. A. Gemueva
author_facet	K. A. Gemueva
author_sort	K. A. Gemueva
title	Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
title_short	Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
title_full	Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
title_fullStr	Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
title_full_unstemmed	Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing
title_sort	chinese infrastructure projects in sub-saharan africa: credit financing
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2018
url	https://doaj.org/article/74dd68c1aa3243daaf651eb4e276f95e
work_keys_str_mv	AT kagemueva chineseinfrastructureprojectsinsubsaharanafricacreditfinancing
_version_	1718443362059550720

Chinese Infrastructure Projects in Sub-Saharan Africa: Credit Financing

Ejemplares similares