Chinese lending to african countries

Beijing’s lending to low-income and middle-income countries is provided on less generous terms than loans from OECD-DAC (the Development Assistance Committee of the Organization for Economic Cooperation and Development) and multilateral creditors. A typical loan from China has a 4.2% interest rate and a repayment period of less than 10 years.  By comparison, a typical loan from an OECD-DAC lender like Germany, France or Japan carries a 1.1% interest rate and a repayment period of 28 years (source: AidData – a research lab at William and Mary University – USA).