As China hosts a meeting of the African Development Bank, the debate continues over the impact of China’s investment in the continent. From Reuters:
The World Bank has accused China of financing projects rejected by others because of environmental concerns and rights groups say it lends without regard to standards on governance or corruption.
But others say China, whose financial capital Shanghai played host to the May 16-17 annual meeting of the African Development Bank, is simply changing the status quo of an aid game long monopolised by Western powers and multilateral lenders. [Full text]
Also on this topic see “Africa seeks lessons in Shanghai” from Asia Times; “China wants to plough $20bn into Africa” from South Africa’s Independent Online; and “China calls to assist Africa development” from CCTV.
