Tuesday, February 7, 2023
198TLTG VIETNAM MASS MEDIA CAMPAIGN SUPPORT TEAM
  • Login
198 Vietnam News
No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT
198 Vietnam News
No Result
View All Result

Chinese funding of sub-Saharan African infrastructure dwarfs that of West, says think tank

by 198 Vietnam News
February 9, 2022
in VIETNAM CHINA NEWS
0
Home VIETNAM CHINA NEWS
Share on FacebookShare on Twitter

[ad_1]

The Middle for International Growth suppose tank mentioned a assessment of 535 public-private infrastructure offers funded within the area in these years confirmed that China’s investments dwarfed these of different governments and multilateral improvement banks.

Nancy Lee, lead creator of the paper and a senior coverage fellow on the heart, mentioned general public funding for tasks in sub-Saharan Africa remained caught at round $9 billion, properly in need of what the area wants for roads, dams and bridges.

“There may be lots of criticism of China,” she mentioned. “But when Western governments wish to enhance productive and sustainable investments to significant ranges, they should deploy their very own improvement banks and press the multilateral improvement banks to make these investments a precedence.”

Between 2007 and 2020, China Exim Financial institution and China Growth Financial institution supplied $23 billion in financing, whereas all different main improvement finance establishments mixed supplied $9.1 billion, the report discovered.

It famous that the principle U.S. improvement finance company, now referred to as the U.S. Worldwide Growth Finance Corp, lent simply $1.9 billion for infrastructure within the area throughout that interval, lower than a tenth of what China supplied.

Multilateral improvement banks just like the World Financial institution supplied simply $1.4 billion per yr on common for public-private infrastructure tasks in sub-Saharan Africa from 2016-2020, the report discovered.

China’s lending to Africa has come beneath heightened scrutiny in recent times for lack of transparency and its use of collateralized loans, with economists on the Worldwide Financial Fund and World Financial institution warning that many low-income nations are dealing with or already in debt misery.

However Western nations have been sluggish to pump up investments regardless of “a lot rhetoric,” Lee mentioned.

The administration of U.S. President Joe Biden in July unveiled a brand new push to broaden enterprise ties between U.S. corporations and Africa, with a deal with clear vitality, well being, agribusiness and transportation infrastructure. However its ongoing assessment of commerce insurance policies has left the non-public sector skittish about committing funds.

Extra information may come quickly.

A prime U.S. commerce official final week mentioned Washington had been participating in strong talks with Kenya as a part of its drive to broaden commerce funding on the African continent, and would have extra to say in coming weeks.



[ad_2]

Source link

Tags: AfricanChinesedwarfsfundinginfrastructuresubSaharantankWest
Previous Post

Vietnam Reduces VAT Rate, Businesses Allowed to Claim CIT Deductions

Next Post

Can bitcoin be sustainable? Inside the Norwegian mine that also dries wood | Bitcoin

Related Posts

VIETNAM CHINA NEWS

Asia’s richest woman loses half her wealth in China property crisis

by 198 Vietnam News
July 28, 2022
VIETNAM CHINA NEWS

University of Hong Kong rep office opens in Vietnam

by 198 Vietnam News
July 27, 2022
VIETNAM CHINA NEWS

International textile-garment expo opens in HCM City | Business

by 198 Vietnam News
July 27, 2022
VIETNAM CHINA NEWS

Severed submarine cable disrupts Vietnam’s Internet services

by 198 Vietnam News
July 28, 2022
VIETNAM CHINA NEWS

Labor shortage plagues Vietnam industries

by 198 Vietnam News
July 27, 2022
Next Post

Can bitcoin be sustainable? Inside the Norwegian mine that also dries wood | Bitcoin

Presenting Edensol: Revolutionary NFT Gaming Experience

The Russia-Ukraine conflict, explained - Vox

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Crypto Market Review, July 28

July 28, 2022

Coach Park reveals secret to success with Vietnam

July 28, 2022

Surviving the Food Crisis in North-east Nigeria — Global Issues

July 28, 2022

US carrier strike group returns to South China Sea amid Taiwan tensions

July 28, 2022

At least 42 dead in India after drinking toxic alcohol

July 28, 2022

Unearthing the past: How Vietnam searches for wartime graves in Laos

July 28, 2022
198 Vietnam News

198 Vietnam News is a a one-party Communist state, has one of south-east Asia's fastest-growing economies and has set its sights on becoming a developed nation by 2020.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198vietnamnews.com

LATEST UPDATES

Crypto Market Review, July 28

Coach Park reveals secret to success with Vietnam

Surviving the Food Crisis in North-east Nigeria — Global Issues

US carrier strike group returns to South China Sea amid Taiwan tensions

At least 42 dead in India after drinking toxic alcohol

Unearthing the past: How Vietnam searches for wartime graves in Laos

Social media ‘gurus’ prey on India’s small retail investors | Business and Economy News

RECOMMENDED

Vietnam, China cooperate in holding cyber security training course

US accuses Ericsson of breaching agreement over Iraq investigation — RT World News

Japan trustworthy, longtime strategic partner of Việt Nam: President – Politics & Laws – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Hanoi’s retail sales of goods, services pick up 11.1 percent in Feb

Russian journalist’s Nobel Peace Prize fetches record $103.5 mln at auction to aid Ukraine children

US government appeals court ruling lifting mask mandate

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 198 Vietnam News.

No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT

Copyright © 2022 198 Vietnam News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In