November 12, 2015
Casting light on the misconceptions of China's growing aid to Africa
The international development finance landscape is changing - not just in the emergence of new donors with new money, but in the way they do things. And China, one of the world's most significant emerging donors, is at the forefront of this change. For the past two years alone, Asia's economic behemoth has been setting up economic and development institutions left and right, including the Beijing-based Asian Infrastructure Investment Bank, the BRICS' New Development Bankheadquartered in Shanghai, and the "One Belt, One Road"initiative. And all this in addition to the country's growing financial flows and assistance to other regions of the world over the past decade or so.