This paper analyses China’s growing foreign aid and export credit programme as an element of the changing international aid architecture. The paper finds that practices governing Chinese aid and development finance diverge from clear OECD standards and norms on transparency and definitions, the management of concessional export credits, and the management of sovereign debt. In the area of environmental and social protections, corruption, and governance, the paper finds mixed results. Regarding governance, both China and the traditional sources of development finance have rules that discourage corruption in the procurement of aid, but export credits are less well policed. Neither seem to have rules for when or how aid should be restricted when a pattern of corruption characterizes an entire recipient government.
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