From the article:
However, it remains to be seen whether the EU presents a financing package approaching China's massive outlays on infrastructure in Africa, according to W. Gyude Moore, senior policy fellow with the Washington-based think tank Centre for Global Development and a former public works minister in Liberia.
"One can be cautiously optimistic," Moore said, but pointed out that The Economist recently described the EU's Global Gateway as largely "a mixture of existing commitments, loan guarantees and heroic assumptions about the ability of the club to 'crowd in' private investment rather than actual new spending".
"If this is indicative of what is to come, it is not promising," Moore said.
