While China has dramatically curtailed its bilateral development financing in Africa and other regions around the world, Beijing is increasing its engagement in multilateral and regional development banks around the world, including the African Development Bank among others.
This points to an important, yet little understood trend about China’s growing influence in international financial institutions.
Two reports have come out recently, one from the Center for Global Development and the other from the Overseas Development Institute (ODI), that explore China’s role in these multilateral institutions. Yunnan Chen, a senior research officer at ODI and a co-author of the ODI analysis on the issue, joins Eric & Cobus to discuss how Beijing is turning to these institutions “to pursue its geopolitical agenda and to promote alternate norms of global governance.”
SHOW NOTES:
- Overseas Development Institute: China in the multilateral development banks: evolving strategies of a new power by Yunnan Chen and Chris Humphrey: https://bit.ly/3CR6AiD
- Center for Global Development: Mapping China’s Rise in the Multilateral System by Scott Morris, Rowan Rockafellow and Sarah Rose: https://bit.ly/3nSogWX
WEBINAR: TUESDAY, NOVEMBER 30TH AT 14:00GMT: China’s role in the multilateral development banks — RSVP: https://bit.ly/3nSosp9
JOIN THE DISCUSSION:
CAP on Facebook: www.facebook.com/ChinaAfricaProject
Twitter: @eolander | @stadenesque | @yunnanchen
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