It’s been obvious in recent years that China has provided far more financing for African infrastructure development than any other country or multilateral development finance institution (DFI). Now, however, for the first time, we know how much more… and it’s a lot.
Between 2007 and 2020, Chinese funding for infrastructure projects in sub-Saharan Africa totaled $23 billion, according to a new report by Nancy Lee and Mauricio Cardenas Gonzalez at the Center for Global Development in Washington — more than twice as much as DFIs from the U.S., Europe, and Japan combined.