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2. Development finance with Chinese characteristics: financing the Belt and Road Initiative
- Author:
- Hongsong Liu, Yue Xu, and Xinzhu Fan
- Publication Date:
- 06-2020
- Content Type:
- Journal Article
- Journal:
- Revista Brasileira de Política Internacional (RBPI)
- Institution:
- Brazilian Center for International Relations (CEBRI)
- Abstract:
- The Belt and Road Initiative (BRI) is clearly aimed at international development, and designed to jointly build a regional economic cooperation framework that is open, inclusive and balanced. Financial integration is the cornerstone of the BRI, and development finance is the most widely used mode of cooperation in financing. Development finance with Chinese characteristics is concessional and development-oriented, differing from Official Development Finance (ODF) defined by the OECD. Based on its development experiences, China applies development finance with Chinese characteristics to the BRI projects. This benefits countries along the Belt and Road by facilitating their sustainable development.
- Topic:
- International Cooperation, International Development, Belt and Road Initiative (BRI), and Development Aid
- Political Geography:
- China and Global South
3. Changing Geopolitical Dynamics for Papua New Guinea
- Author:
- Jenny Hayward- Jones
- Publication Date:
- 12-2017
- Content Type:
- Commentary and Analysis
- Institution:
- Lowy Institute for International Policy
- Abstract:
- The new O'Neill government faces a rapidly changing external environment as it struggles to manage a significant domestic economic downturn and unprecedented pressures on the national budget. Australia remains Papua New Guinea's closest foreign partner; by far its largest bilateral aid partner, trading partner and foreign investor, but its influence is diminishing as that of other actors is growing. China is an increasingly important player - as a trade partner, investor in infrastructure and source of foreign loans, as well as in the small to medium business sector. Relations with other Asian nations are expanding. Large foreign companies are exerting more influence on government policy than most nation state development and trade partners of Papua New Guinea can hope to exercise. These relationships are likely to come into sharper focus over the next year, as the PNG government prepares to host APEC in 2018. It is not clear that the new PNG government has the capacity to pursue the national interest abroad while it is preoccupied with a complex set of challenges at home.
- Topic:
- Government, Bilateral Relations, Geopolitics, and Development Aid
- Political Geography:
- China, Australia, AustralAsia, and Papua New Guinea