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Tag Archives: World Bank

Reassessing China’s “Debt Trap Diplomacy” in Africa

China’s “debt trap diplomacy” has been widely denounced by both the West and Japan, and it formed an underpinning theme for the latest edition of the Tokyo International Conference on African Development (TICAD VIII). However, the fact of the matter is that G7 countries, not China, are the largest holders of African debt.

Public Development Banks Funding Fossil Fuel Industry

CD (Portland) — Climate and social justice campaigners have labeled a global summit bringing together over 450 public development banks a missed opportunity of historic proportions after the gathering concluded with no commitment to stop funding fossil fuel projects. “There is no excuse for the

China’s “Diplomatic Victory” over Japan

Japan Innovation Party leader Kenji Eda couldn’t have framed the events in starker terms when he discussed the issue of the Asian Infrastructure Investment Bank at a press conference last Thursday: “It was a victory for Chinese diplomacy and a complete defeat for Japanese diplomacy,” he declared.