Browsing: SDR

China's financial commitments to Africa are turning away from large-scale infrastructure projects.

An action plan totalling US$40 billion in trade finance, commercial investments, and a share of Chinese SDRs was announced at the Forum on China-Africa Cooperation (Focac) in late November (SDR).

Despite the eye-catching headline, the actual amount pledged at the two most recent forums in 2015 and 2018 is far less than the US$60bn promised.

China has used concessional loans to fund a wide range of continent-wide infrastructure projects, including trains, airports, highways, and power plants.…