1、 www.bu.edu/gdpGlobal Development Policy CenterRelative Risk and the Rate of ReturnChinese Loans to Africa Database,2000-2023BY LUCAS ENGEL,JYHJONG HWANG,DIEGO MORRO,VICTORIA YVONNE BIEN-AIME EXECUTIVE SUMMARYIn 2023,Chinese lenders provided approximately$4.61 billion in 13 loans to eight countries
2、in Africa and two regional African financial institutions.The year 2023 represents the first time the annual loan amount to Africa has risen since 2016.However,the increase most likely does not represent a return to consecutive annual commitment figures above$10 billion,as occurred in the early year
3、s of the Belt and Road Initiative(BRI).Instead,Beijing appears to be looking for a more sustainable equilibrium level of lending and experimenting with a strategy comprising three basic components:new risk mitigation measures,fewer funds and a focus on relationship maintenance.While the maintenance
4、of strategic relationships in Africa is key to Chinas long-term objectives,risk mitigation is necessitated by Africas debt challenges and Chinas domestic economic woes alike.Chinas lending to African countries in 2023 illustrates that new risk mitigation measures and the maintenance and strengthenin
5、g of South-South cooperation may at times pull China in different directions.Key findings:Between 2000-2023,Chinese lenders provided 1,306 loans worth a combined$182.28 billion to 49 African countries and seven regional borrowers.During this time,Chinese loans were channeled primarily to Africas ene
6、rgy sector($62.72 billion),transportation($52.65 billion),information and communication technology($15.67 billion),and the Lucas Engel is Data Analyst at the Boston University Global Development Policy Center for the Chinese Loans to Africa Database.His research interests include international polit