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The Myth of Chinese Exceptionalism in Africa

Chinese firms are a critical, rising force in African economies, yet many of us balk at the hype and hysteria about Chinese businesses in Africa. Using new data, a report finds that there's nothing unique about the way Chinese firms operate in Africa.

A column chart of external government debt for Sub-Saharan Africa by official, private, and Chinese creditors

2018 FOCAC: Africa in the New Reality of Reduced Chinese Lending

The 2018 FOCAC Summit will open tomorrow in Beijing. There is much speculation about the size of the investment package China will unveil at the summit. It appears, however, that we are in a new phase of Chinese financing. A combination of domestic and international pressures will likely alter China’s extensive lending program—African states that have relied on this lifeline must adjust to the new reality.

Scrap the G8

Once again the G8 has come up tragically short on climate change and a host of urgent problems affecting poor people in developing countries. The good news is that they are at least discussing the right topics. The first Hokkaido G8 document, on the World Economy spills lots of ink on relations between rich and developing economies, including for example, reaffirmation of support for the Extractive Industries Transparency Initiative.

China ExIm Partners with the IFC for Sustainable Investments

Last month, I reported on the first public release of China's Export-Import Bank's environmental policy and suggested that China's overtures of increased transparency might present an opportunity for other donors to engage China in a more cooperative partnership. It seems the International Financial Corp. (IFC), the World Bank branch for private sector lending, is doing just that.

China and Africa Love-fest: Chicken Little or Nirvana?

The flurry of news about China and Africa is reaching a peak as the November 3-5 Beijing Summit gets underway. There is little doubt that effusive pledges of solidarity and good old cash will be forthcoming in abundance. And it is also patently clear that China has every intention of continuing to ramp up its activities in Africa; look no further than China's official "Africa Policy" released last January.