CGD in the News

The dilemma of the "Silk Roads" in an Asia in need of infrastructures (Agence France Presse)

October 24, 2018

Note: Translated from Spanish using Google Translate. 

By AFP 

From the article: 

The "Silk Routes", a Chinese Eurasian investment program, exacerbates countries' indebtedness but at the same time responds to a colossal need for infrastructure in Asia and benefits global trade, the World Bank estimates.

This ambitious program of ports, highways and rail links between Asia and Europe was launched in 2013 by Chinese President Xi Jinping.

...

According to the Center for Global Development, an ideas laboratory, the Silk Roads increase the risk "significantly" for eight heavily indebted countries, such as Mongolia, Laos, Maldives or Pakistan. 

Read the full article here.