4 - Probing the Financial Statecraft of Borrowers through Comparative Cases

Summary

This chapter describes the book's case study approach, which compares Ethiopia, Ghana, and Kenya. All three countries experienced the regional trend of increased borrowing from China and in international bond markets in the 2000s. However, the countries vary in strategic significance and donor trust, allowing for tests of heterogeneity in the financial statecraft of borrowers. The chapter discusses the data collection process for the case studies, with over 170 elite interviews, mostly with government and donor officials participating in aid negotiations, and how this data is used to trace debt-based financial statecraft in each country. The chapter briefly provides background on each country's political and economic context and previews findings on how their external finance portfolios impacted aid negotiations with traditional donors.