Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation in Africa

Abstract

One of the prominent features of Africa’s economic development is its growing partnership with China. While the new partnership has had a positive impact on growth, this chapter argues that more needs to be done by both China and African governments to enhance the impact of Chinese development finance in Africa. Against this backdrop, it identifies ways in which Chinese development finance could be used to foster transformative growth and development in Africa. The chapter also stresses that the responsibility for Africa’s development rests primarily with African governments and that China can only play a supporting role. In this context, it underscores the need for African countries to be proactive in their partnership with China to ensure that their development needs are effectively addressed.

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