African countries face an economic transformation gap. Given the large and growing
Chinese presence on the African continent, a fundamental question is whether Chinese …

In recent decades China has emerged as a leader in international development finance,
with the potential to provide sorely needed funds to address major global developmental …

China is playing an ever important role in Africa's energy transition, mainly via its massive
investment and loans on various energy infrastructure projects ranging from extractive …

Credit is the lifeblood of capitalism and development. Brazil, Russia, India, and China-also
called BRICs-have become important creditors to developing countries. However, how will …

The China–Africa relationship has received increased interest over the past few decades as
scholars critically examine the challenge that China, in its quest for a closer strategic …

We review the state of the sovereign debt literature and point out that the canonical model of
sovereign debt cannot be easily reconciled with several facts about sovereign debt pricing …

We explore why resource-financed infrastructure—whereby developing countries pledge
future resource revenues to repay infrastructure loans—mitigates credit rationing in poorly …

Scholars and analysts have sought to clarify the Chinese Communist Party's motives for
carrying out the Belt and Road Initiative (BRI), a series of infrastructure investments in …

Guinea was China's first African borrower. In 1960, Beijing offered Guinea a line of credit
worth about US $25 million. The government of Sekou Toure used this finance to construct a …

Executive summary China's Belt and Road Initiative (BRI) has the potential to open up new
development pathways through infrastructure development, stimulating investment and job …