søndag 10. oktober 2021

Is the US offering a quality alternative to China’s belt and road?

When US Secretary of State Antony Blinken unveiled a new partnership with the OECD in Paris this week, the overt goal was to combat corruption and promote “high-quality” infrastructure. But the partnership is also part of a broader effort to provide an alternative to China’s multibillion-dollar
Belt and Road Initiative, an infrastructure development plan that Washington claims has burdened countries with unsustainable debt.

“At a time when others are driving an approach to infrastructure projects and developing economies in which overseas companies import their labour, extract resources, fail to consult with communities, end up driving countries into debt, we’re here today because we’re championing a different approach,” Blinken said. “Rather than race to the bottom, we together, with like-minded government, private sector, and civil society partners, we want to spark a race to the top for quality, sustainable infrastructure around the world.”