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India, China Lead The Way in Delivering on Vaccine Promises For Non-COVAX Commitments
With the Delta variant spreading rapidly across much of the developing world with an acute shortage of vaccines, new attention is being focused on the promises that wealthy countries have made to provide jabs compared to what they've actually delivered. The data tracked by the analytics firm ...
G20 Reps Close Another Meeting Without Any Firm Commitments on Vaccines or Debt Relief For World’s Poorest Countries
In what's becoming a predictable routine, high-level representatives from the world's wealthiest countries get together, express anguish over the rapid spread of COVID-19 in developing countries, issue a call for more equitable distribution of vaccines and then restate longstanding positions that bilateral creditors (read China) and bondholders ...
China Pushes Back Against U.S. Criticism That It’s Not Doing Enough to Support the G20’s Debt Relief Initiative
The Chinese government is becoming increasingly impatient with the persistent U.S. criticism that it isn't doing enough to support the G20's Debt Service Suspension Initiative (DSSI). U.S. officials have steadily increased their critiques in July in the run-up to the G20 finance ministers meeting in Italy that ...
Scholar: G7’s B3W is Just a Bad Copy of China’s Belt and Road
It's been a month since the G7 unveiled its new "Build Back Better World" (B3W) initiative that aims to rival China's Belt and Road Initiative by providing an alternative source of infrastructure development financing that is presumably more transparent and sustainable. So far, ...
Two Recent Setbacks in France and the U.S. Highlight the West’s Challenges in Competing With China in Africa
U.S. and European officials are now more aligned than they've been in years in their determination to challenge China's growing influence in Africa and other regions throughout the Global South. And while Western leaders have clearly articulated their desire to confront China, turning rhetoric into action is ...
An Agricultural Trade Comparison of Africa’s Development Partners: How Does China Measure Up?
Agriculture remains the backbone of many African economies since it accounts for approximately 60% of all employment, a main earner of foreign exchange, source of both savings and tax revenues and accounts for around 40% of the continent’s hard currency. The agricultural sector is the main source ...
White House Official Blames China for the Failures of the G20’s DSSI
The White House's point person on G7 and G20 affairs, Daleep Singh, singled out China for the failures of the G20's Debt Service Suspension Initiative (DSSI). "The DSSI and the Common Framework is not impactful enough right now," said Singh during an online discussion ...
In a Contentious G20 Meeting, Foreign Ministers Exchange Jabs About Jabs
Most of the foreign and development ministers from the Group of 20 gathered in Matera, Italy on Tuesday for the organization's first in-person meeting since 2019. China and Russia, however, were among the few who were noticeably absent from the forum. ...
Leading Development Experts Try to Decipher the B3W and Whether It Can Present a Viable Alternative to China’s BRI
There's been a lot of discussion since the Group of 7 countries announced the creation of the new Build Back Better World (B3W) initiative. It is nominally intended to help developing countries build badly-needed infrastructure. But B3W also includes an underlying political objective: presenting an alternative, some ...
If the U.S. is Going to Challenge China in the Infrastructure Space, It Will Have to First Overcome a Lot of Skepticism in the Global South
The Biden administration has made it clear that it wants to directly challenge China's dominance in the Global South in both infrastructure development and vaccine distribution. In addition to facing a formidable competitor who has a significant head start in both areas, the U.S. will also have ...
The Diplomat’s Shannon Tiezzi on China and the Global South
While China's ties with Europe, the U.S., Japan, and other wealthy northern countries steadily worsen, Beijing is leaning harder on its relations with states in the Global South. The importance of those ties was on full display over the past week ...
The B3W’s Many ‘Shoulds’
Despite seemingly coming from the same naming tradition that gave us Melania Trump’s Be Best campaign, the Build Back Better World (B3W) initiative is firmly pointed away from the recent past. It seems driven by a new willingness to face the many barriers that shape our current ...