China and Africa
A new narrative on debt sustainability and infrastructure financing
Bibliographic Data
| ID | 22188299 |
|---|---|
| Authors | Yan Wang (0009-0009-9633-0023, Boston University), Yinyin Xu (0000-0002-1112-9008, Boston University) |
| Year | 2023 |
| Volume | 7 |
| Issue | 1 |
| Pages | 2181 |
| Publication date | 2023-06-28 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Infrastructure Policy and Development (JOURNAL) |
| Journal identifiers | ISSN: 2572-7923 • E-ISSN: 2572-7931 |
| Publisher | EnPress Publisher (PUBLISHER) |
| DOI | 10.24294/jipd.v7i1.2181 |
| OpenAlex | W4382584484 |
| Language | EN |
| References cited | 9 |
Strategic and collective efforts are needed from both the creditors and borrowing countries facing the looming debt crisis, with a full understanding of what are good debts and what are bad debts depending on how they are used. The current narrative on debt sustainability often ignores the issue of what a government owns (assets) versus what a government owes (liabilities). While conventional approaches largely focus on the liability side, the kinds of assets a country tries to build are vital to economic development and debt sustainability. This paper proposed a new narrative on debt sustainability and thoughts on infrastructure financing under the circumstance of debt restructuring. The empirical part of the study presented both the conventional and a novel method to investigate the role of completed infrastructure projects, co-financed and jointly built by China and African countries, focusing on whether and to what extent they have addressed infrastructure bottlenecks. Both methods validate the hypothesis that China-financed and completed projects match the host country’s most backward sectors and address their development bottlenecks. These completed projects form a part of a country’s public operational assets that generate essential social services, jobs, government revenues, exports and growth
Business · China · Creditor · Debt · Debt restructuring · Economics · External debt · Internal debt · Political science · Restructuring · Revenue · Sustainability · Fiscal Policy and Economic Growth · International Development and Aid · Public-Private Partnership Projects · Finance
A critical look at Chinese ‘debt-trap diplomacy’
Going Beyond Aid
Conflict, collusion and corruption in small-scale gold mining
Socio-economic and environmental implications of Artisanal and Small-scale Mining (ASM) on agriculture and livelihoods
Innovation, the State and Patient Capital
Banking on Beijing
Compliance, defiance, and the dependency trap
China and Zambia
| Citation velocity | historical |
|---|---|
| Highly cited | No |