TY - JOUR
T1 - China–Cameroon relations
T2 - Fortunes and limits of an old political complicity
AU - CABESTAN, Jean-Pierre
N1 - Funding Information:
This is clearly the area where Chinese companies have been most successful and competitive in Cameroon, as they have in the rest of Africa. Their spectacular capacity to bid for and win large contracts aimed at completing structural projects has been well reported. In addition to the projects financed by the Exim Bank without tender (in Cameroon as elsewhere), Chinese infrastructure companies, both public and private, have been able to get funding from the African Development Bank and the World Bank, especially for road projects.38
Funding Information:
As elsewhere in the developing world, one of the key strengths of Chinese infrastructure companies is generally their ability to secure financing and the apparently more generous funding conditions that they offer. In Cameroon, most Chinese infrastructure projects are funded by the Exim Bank. The interest rate proposed is usually around 2%; the grace period can vary but on average is five years long and, although not always disclosed, the grant element varies between 25 and 35%, usually slightly lower than the OECD’s Development Assistance Committee norms and practice (average is 23% against 30%; Table 6).
Funding Information:
Professor Jean Pierre Cabestan is with the Department of Government and International Studies, Hong Kong Baptist University. This research was funded by the Research Grant Council of Hong Kong Special Administrative Region [GRF no. HKBU 240110].
PY - 2015/1/2
Y1 - 2015/1/2
N2 - Since the 1990s, the Sino-Cameroonian relationship has grown rapidly. Today, China plays a key role in Cameroon's economic development, particularly in regards to infrastructure projects. However, in the last few years, Yaoundé's partnership with Beijing has encountered an increasing number of obstacles. Behind the warm pro-China rhetoric, the Cameroonian government has become more willing to rebalance their country's external relations, in favour of both its traditional partners and other emerging economies.
AB - Since the 1990s, the Sino-Cameroonian relationship has grown rapidly. Today, China plays a key role in Cameroon's economic development, particularly in regards to infrastructure projects. However, in the last few years, Yaoundé's partnership with Beijing has encountered an increasing number of obstacles. Behind the warm pro-China rhetoric, the Cameroonian government has become more willing to rebalance their country's external relations, in favour of both its traditional partners and other emerging economies.
KW - Cameroon foreign policy
KW - Cameroon–China relations
KW - Cameroon–China trade relations
KW - Paul Biya
UR - http://www.scopus.com/inward/record.url?scp=84926528099&partnerID=8YFLogxK
U2 - 10.1080/10220461.2015.1014930
DO - 10.1080/10220461.2015.1014930
M3 - Article
AN - SCOPUS:84926528099
SN - 1022-0461
VL - 22
SP - 67
EP - 91
JO - South African Journal of International Affairs
JF - South African Journal of International Affairs
IS - 1
ER -
