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:
- 10 July 2008
- Tags:
- Africa, Asia, Australia, and Africa, Industry and Infrastructure, Investment, Aid and Assistance, International Organizations and Africa, Environment
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).