UK white paper raises concerns over China’s growing foreign aid role
UK white paper raises concerns over China’s growing foreign aid role
Government paper says Britain must act robustly if interests challenged by the Chinese development model
With David Cameron starting as foreign secretary and under scrutiny for his previous business links with China, the document does not hold back in challenging the Chinese development model or its growing influence.
The drawbacks listed include “operating with lower social and environmental standards, limited transparency, allegations of corruption and capture of local elites, and limited coordination through the multilateral system, especially of bilateral instruments like the belt and road initiative”.
This is the best summary I could come up with:
China’s growing role in international development marks a systemic global shift that will require robust challenge by Britain if its interests are threatened, a UK government white paper on aid has warned.
With David Cameron starting as foreign secretary and under scrutiny for his previous business links with China, the document does not hold back in challenging the Chinese development model or its growing influence.
It says that “between 2008 and 2021, China made $498bn in loan commitments, equivalent to 83% of World Bank sovereign lending during the same period”, adding: “Its increased assertiveness in seeking to shape the international order makes it essential for us to navigate the challenges that come with its evolving development role.”
The white paper promises the UK will resist the risks China “poses to open societies and good governance”, saying it will seek to influence Chinese thinking and act robustly where necessary.
Andrew Mitchell, contains a plethora of ambitious plans to stretch the balance sheets of multilateral banks and mobilise pension funds to direct finance to meet the currently badly offtrack SDGs.
At a global food summit in London marking the launch of the white paper, Britain’s biggest philanthropist, Sir Chris Hohn, the managing partner of the Children’s Investment Fund, announced he was giving another $50m personally to prevent and treat child wasting and believes his contribution can leverage another $500m in grants.
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