Tag: Development
Related Posts
Two Projects in Asia and Africa Highlight the New Realities of Chinese Development Finance
Two very interesting stories this week highlight the complexity of China's development finance initiatives in Asia and Africa. In Cambodia, people close to the massive $1.7 billion Funan Techo canal project hint that Chinese financing isn't as secure as Prime Minister Hun Manet made it sound when ...
China’s “Small and Beautiful” Path in Overseas Energy Finance Signals a Greener Shift, but Will It Grow?
By Jiaqi Lu The era of carbon-intensive mega-investments by China in global energy infrastructure may be coming to an end. Recent findings from the China’s Global Energy Finance Database, managed by the Boston University ...
Indonesia’s Small Islands Pay the Price for Nickel Mining
The push for electric vehicles (EVs) promises a cleaner future, but the production of their batteries comes at a steep cost to Indonesia’s small islands. Nickel, a critical component in many EV batteries, has spurred mining activities that devastate local ecosystems and communities.
Update on the State of the BRI in the New “Small and Beautiful” Era
There's been a lot of talk in recent years about the new "small and beautiful" doctrine that now guides China's Belt and Road Initiative. The problem is that a lot of people still do not understand what it actually means in ...
IMF Chief Seeks More Details on BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday. The meeting of the BRICS -- meaning Brazil, Russia, ...
Can China’s New BRI Bonds Spur Sustainable Development?
By Jiang Mengnan In June of this year, the Bank of China (BOC) issued the first sustainable development bonds, for which all funds raised were directed towards countries affiliated with the Belt and Road Initiative (BRI), according to the bank’s website. The ...
Global Gateway in Africa: Europe’s Answer to China’s Belt and Road
The European Commission's Global Gateway initiative will turn three years old in December. The $300 billion infrastructure initiative was launched with great fanfare to provide developing countries in Africa and elsewhere with an alternative to China's Belt and Road Initiative.
Pulling China In: The Political Goals and Project Needs Behind Latin America’s Loans From China
By Zara C. Albright Since Latin American countries began borrowing from China’s development finance institutions (DFIs) nearly two decades ago, loans from the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) have played a significant role in ...
Cambodia Has Not Tilted Away from China
By Bunthorn Khath and Chanrith Ngin When Cambodia co-sponsored the United Nations resolution condemning Russia’s invasion of Ukraine in 2022, it was viewed as a significant shift in its foreign policy, paving the way for its
How the BRI Undermined Beijing’s Bid to Revive Globalization
By Lukas Fiala Last week’s Belt and Road Summit in Hong Kong served as a reminder of the conflicted ongoing legacy of the BRI over a decade after its initiation. When first articulated as a strategic vision to connect China with ...
Cash-Strapped Sri Lanka Eyes China Development
By Amal Yayasinghe Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. The strategically ...
Pakistan and China Pursue Corridor Dream Despite Financial, Security Risks
By Atika Rehman More than 50 people were killed in late August during multiple attacks in Pakistan’s impoverished southwestern province of Balochistan. Despite extensive infrastructure investments made in the region, mostly through the China-Pakistan Economic Corridor (CPEC), a decades-long insurgency has only ...