China’s construction giants are knocking on the doors of development finance agencies in Europe in a bid to find new sources of funding for projects in Africa, according to a report in Global Trade Review.
Until recently, Chinese contractors could count on a steady flow of money coming from the country’s main policy banks, the China Development Bank and the China Exim Bank, but that’s no longer the case as they’ve largely exited the business of underwriting large-scale infrastructure projects on the continent.
