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Category: Development

The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, ...

One Day After the Announcement of PGII, Everyone has Questions

The G7’s Partnership for Global Infrastructure Investment (PGII), announced on Monday, is the newest Western initiative aimed at countering the influence in the Global South of China’s Belt and Road Initiative (BRI.)  Perhaps predictably, the announcement drew sharp criticism from official ...

Analysis from Cobus van Staden

The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, according to development experts. 

Some acknowledged that the BRI has been controversial for its environmental and debt impacts. But they also pointed out ...

Maybe The West’s Pressure on China to Build “High Quality” Infrastructure is Working

A Xinhua headline from Wednesday hints that years of criticism of low-quality Chinese-built infrastructure in developing countries may be having its desired effect. Chinese messaging on these issues used to focus on the speed of delivery or the ...

How Will the G7’s PGII Differ from China’s BRI? An Expert Weighs In

Responses to the G7’s Partnership for Global Infrastructure Investment (PGII) have run the gamut from enthusiastic approval to strident condemnation. However, many have also raised questions about how the initiative will actually work.  While the PGII is currently presented as an ...

Construction of the Chinese-financed Parliament Building in Zimbabwe is Done

After almost five years and $140 million, the new Chinese-financed and built parliament building in Zimbabwe is now ready for use. The building was almost entirely paid for by the Chinese government and provided as a "gift" to Zimbabwe. (THE HERALD)

No Surprise, Chinese State Media Didn’t Think Much of PGII, But They Actually Raised a Few Interesting Points

The Chinese nationalist tabloid Global Times was among the first to launch broadsides against the G7's latest effort to challenge the Belt and Road. Predictably, the paper interviewed several scholars who all discredited the new program, but rather than simply dismiss it, as they often do, they ...

PGII Will Channel a Lot of Private Capital to Developing Countries But What About the Debt?

Even as the G7 was unveiling its new Partnership for Global Infrastructure Investment (PGII), protesters in the Alpine town hosting the summit were calling for more action on infrastructure-related debt. This debate has recently centered around the impact of Chinese debt, particularly as part of ...

B3W 2.0: The $600 Billion “Partnership for Global Infrastructure and Investment”

G7 leaders unveiled their latest effort to challenge China's Belt and Road Initiative with the announcement of the "Partnership for Global Infrastructure and Investment (PGII)." The new plan was revealed on Sunday at the leaders' summit in Germany and included pledges to raise $600 billion ...

China, Iran Aim to Boost Trade Through New Railway

A new railway cargo line connecting the southwestern Chinese province of Ningxia with the northern Iranian port city of Anzali is now operational.  The new 8,500-kilometer route is supposedly twice as fast as other overland transport routes and even speedier than an earlier rail link. ...

China’s Top Diplomat for Sub-Saharan Africa Visits Tanzania

Wu Peng, the Director-General for Sub-Saharan Africa in China's Foreign Ministry, continued his African tour with a visit to Tanzania. He tweeted that he met with Tanzania’s Minister of Foreign Affairs and East African Cooperation Liberata Mulamula but didn't specify what they discussed. (@WUPENG_MFA) ...

Debt Warnings Are Flashing in Laos

How China acts in the Zambian debt restructuring process will no doubt be closely watched in Laos. This is because of rising fears that the Southeast Asian country could be the next to fall into debt distress.  Laotian public ...

Why China Won’t Fill a Development Finance Gap for Gas

By Cecilia Springer and Rishikesh Ram Bhandary At the end of May, Group of Seven (G7) countries committed to end public finance for overseas fossil fuel activities, going beyond their earlier commitment from last year to end such finance for overseas coal ...
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