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Eastern Promises: New Data on Chinese Loans in Africa, 2000 to 2014

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  • Brautigam, Deborah
  • Hwang, Jyhjong

Abstract

Chinese loan finance is often misunderstood in Africa. This paper provides an overview of a new database on Chinese loans and describes the research methodology for collecting this data. The authors report on the scale of these loans, their African recipients, and the sectors where borrowers are investing this finance. The paper also explains the Chinese system of securing risky loans with escrow accounts filled by exports and off-take arrangements. The data presented in this paper suggests that Chinese financiers have provided US$86.3 billion to African governments and state-owned enterprises between 2000 and 2014. Yet the paper also warns that debt levels are rising, the Chinese are unlikely to cancel these debts, and there are concerns that African governments may not be able to absorb the sharply increased pledges made by Chinese leaders in December 2015.

Suggested Citation

  • Brautigam, Deborah & Hwang, Jyhjong, 2016. "Eastern Promises: New Data on Chinese Loans in Africa, 2000 to 2014," SAIS-CARI Working Papers 2016/4, Johns Hopkins University, School of Advanced International Studies (SAIS), China Africa Research Initiative (CARI).
    • Handle: RePEc:zbw:cariwp:20164
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    Cited by:

    1. Mukwaya, Rodgers & Mold, Andrew, 2018. "Modelling the economic impact of the China Belt and Road Initiative on countries in Eastern Africa," Conference papers 333014, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Sebastian Purwins, 2023. "Same Same, but Different: Ghana’s Sinohydro Deal as Evolved ‘Angola Model’?," Insight on Africa, , vol. 15(1), pages 46-70, January.

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