November 30, 2015
10 Essential Facts About Chinese Aid in Africa
The global development landscape is currently in a period of tumult. A number of developing countries that were once aid recipients are now aid donors, and they represent a growing proportion of the total money spent on international development. China is by far the largest emerging competitor in the global aid market, and its unique way of designing and delivering assistance is challenging the traditional policies and practices of Western powers. More and more money is sloshing around, as well as more players. China now has a robust bilateral aid program, but it's also helped create alternative sources of multilateral funding for developing countries: namely, the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank.
