CGD in the News

China's Xi offers $60 bn Africa aid, says 'no strings attached' (Yahoo)

September 20, 2018

By Ben Dooley

From the article: 

President Xi Jinping told African leaders Monday that China’s investments on the continent have “no political strings attached”, pledging $60 billion in new development financing, even as Beijing is increasingly criticised over its debt-heavy projects abroad. 

... 

A study by the Center for Global Development, a US think-tank, found “serious concerns” about the sustainability of sovereign debt in eight Asian, European and African countries receiving Belt and Road funds. 

Read the full article here.