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It is no secret that the West is exceedingly uncomfortable with China’s Belt and Road Initiative (the BRI) and its role in building infrastructure in developing countries, and for good reasons. The terms of these investments by China’s parastatal banks are opaque and recent research reveals that contracts include non-disclosure covenants to keep them so. That said, it is China that is pouring the most money into infrastructure investments into Sub-Saharan Africa in particular in a way that no one else can match. A recent volume from the Council on Foreign Relations on the BRI argues that institutions like the World Bank need to step up and counter Chinese actions; however, this is easier said than done.
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Author: Danny Leipziger
Blog: The Bretton Woods Committee | July 2021
Access: Can the West Counter the BRI?
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