The Big Winner From China’s Foreign-Aid Frenzy: China

Beijing’s development assistance generally also lands deals for the country’s companies

BEIJING—When Ghana sought to build a hydroelectric dam in the early 2000s, it failed to get World Bank backing. Then China stepped forward.

The Bui Dam was built through China’s brand of foreign aid: roughly half of the $600 million cost came as aid-like financing on favorable terms; the other half, commercial loans to be repaid with the proceeds from cocoa production.

China’s...

0 Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *