China Exim Bank’s Controversial Loan to Expand Uganda’s Entebbe Airport

New research from AidData at the College of William & Mary in the United States provides the first insight into the loan contract between China Exim Bank and the Ugandan government for the expansion of the Entebbe International Airport. This is the same airport at the center of an almost year-long controversy over whether China would seize the facility due to a loan default.

That allegation is, of course, not true and the contract confirms that the airport was never in jeopardy of being surrendered to China Exim Bank. But what researchers did find is a deal that was heavily weighted in favor of the lender with some very intrusive clauses.

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by Eric Olander

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