Two years ago, China introduced a series of new so-called “green guidelines” that it hoped would promote more sustainable development abroad. But in Africa, according to a new research report, it appears those higher environmental, social, and governance (ESG) have been difficult to meet.
Researchers from Boston University’s Global Development Policy Center, the Fudan University Green Finance and Development Center, the South African Institute of International Affairs, and LSE IDEAS teamed up to examine ESG standards at five Chinese-funded infrastructure projects in Egypt, Nigeria, and Ethiopia.
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China, according to the prevailing “debt trap” narrative, is preying on vulnerable developing countries by loading them up with unsustainable amounts of debt that ...
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