Tag: resource-backed finance

The financing may be Chinese, the builders Chinese too, but the consequences are overwhelmingly those of the host state. Decisions, often made in boardrooms thousands of kilometers away, can shape the development trajectory of African countries for decades. That is why understanding how Chinese infrastructure projects are ...

It is not every day that a highway is paid for with barrels of oil. Yet in parts of Sub-Saharan Africa, that is exactly how some of the region’s largest infrastructure projects are being financed. Instead of tapping their treasuries or issuing sovereign bonds, governments are ...