The White House says funding through the G7 initiative will emphasise the environment and climate, labour safeguards, transparency, and anti-corruption.
Beijing is often accused of using loans to entrap economically vulnerable countries, but on closer inspection, it doesn't come across as a predatory lender.
Beijing is accused of luring developing or underdeveloped countries to borrow money for infrastructure projects and later controlling them if they fail to pay off their loans in time, while a US-based study says asset seizure is a rare instance.
Global experts assess the progress and prospects of China’s ‘New Silk Road'.
As a leading investor in the African continent, Beijing aims to reap more and more benefits from the mineral-rich continent but the fast changing reality on the ground may throw up major hurdles.
The Trump administration recently launched a new Africa policy to counter the ‘predatory’ practices of Russia and China, but many experts in the region say the US is too late to the game.
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