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| Building Bridges - China's Growing Role as Infrastructure Financier for Sub-Saharan Africa |
| Author: Vivien Foster, William Butterfield, Chuan Chen, Nataliya Pushak |
| Publisher: World Bank |
| Publication Date: July 10, 2008 |
| Copyright: 2008 |
| Publisher Website: http://www.worldbank.org |
| Language: en |
| Category:
Sustainable Development, Africa, Asia, Australia, and Africa, Industry and Infrastructure, Investment, Aid and Assistance, International Organizations and Africa
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China, India, and a few Middle Eastern Gulf nations are financing a record number of infrastructure projects across Sub-Saharan Africa, says a new World Bank report. Investment commitments in Africa by these emerging financiers jumped from less than $1 billion per year before 2004 to $8 billion in 2006 and $5 billion in 2007, signaling a growing trend in cooperation among developing economies (South-South cooperation). |
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