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The China-African Development Fund (CADFund) as a sovereign wealth fund for Africa’s development

dc.contributor.authorGrimm, Sven
dc.contributor.authorSchickerling, Elizabeth
dc.date.accessioned2013-08-01T07:53:19Z
dc.date.available2013-08-01T07:53:19Z
dc.date.issued2013-07
dc.identifier.citationGrimm, S. & Schickerling, E. 2013. The China-African Development Fund (CADFund) as a sovereign wealth fund for Africa’s development. CCS Policy Briefing, June 2013. Stellenbosch University: Centre for Chinese Studies.en_ZA
dc.identifier.urihttp://hdl.handle.net/10019.1/85284
dc.descriptionCCS Policy Briefings are drawn from the published reports and other material produced by the Centre. They aim to highlight specific recommendations and outcomes from the larger reports and present them in a concise, easily consumable format.en_ZA
dc.descriptionThe original publication is available at http://www.sun.ac.za/ccsen_ZA
dc.description.abstractThe China-Africa Development Fund (CADFund) forms part of the Chinese government’s practical implementation, for some of its plans and objectives, for the African continent. CADFund was established as part of the eight measures announced by then Chinese President Hu Jintao, at the 2006 Forum on ChinaAfrica Cooperation (FOCAC). While operating according to market principles, the Fund is an economic and diplomatic tool of the Chinese government to encourage Chinese enterprises’ investments in African countries. Chinese investments might boost African economies; yet, there is no automaticity in developmental effects. CADFund’s operations as a sovereign wealth fund can be compared to other such funds in the African context. This policy brief elaborates on the setting and policy of CADFund, specifically in comparison to Norfund, Norway’s sovereign wealth fund for investments in developing countries, which also has a development vocation. The policy brief concludes with recommendations for change.en_ZA
dc.format.extent[4 p.] : ill.
dc.language.isoen_ZAen_ZA
dc.publisherStellenbosch University, Centre for Chinese Studiesen_ZA
dc.subjectSovereign wealth funds -- Developing countriesen_ZA
dc.subject.lcshInvestments, Foreign -- Africaen_ZA
dc.subject.lcshSovereign wealth funds -- Chinaen_ZA
dc.subject.lcshEconomic development -- Africaen_ZA
dc.titleThe China-African Development Fund (CADFund) as a sovereign wealth fund for Africa’s developmenten_ZA
dc.typeWorking Paperen_ZA
dc.description.versionPublishers' Versionen_ZA
dc.rights.holderStellenbosch University, Centre for Chinese Studiesen_ZA


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