Commentary
Depleted financial reserves and a shrinking tax base mean it is no longer possible to simultaneously deliver high defense spending, price stability, and economic growth.
Alexandra Prokopenko
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Source: Getty
In The Media
China, Africa, and the PRC’s Massive New Development Bank
Although its initial focus will be Asia, the Asian Infrastructure Investment Bank may eventually broaden its scope to provide development assistance to countries in Africa as well.
By Tang Xiaoyang
Published on Apr 25, 2015
Source: China Africa Project
Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be developing infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed with some hope) that the bank will expand the scope of its work to eventually include Africa and other developing regions.
Carnegie–Tsinghua’s Tang Xiaoyang joined Eric Olander and Cobus van Staden to discuss the AIIB and what implications it could have for development finance in Africa.
This podcast was originally broadcasted by the China Africa Project.
About the Author
Tang Xiaoyang
Former Resident Scholar and Deputy Director, Carnegie-Tsinghua Center; Chair and Professor, Department of International Relations, Tsinghua University
Tang Xiaoyang is the chair and a professor in the Department of International Relations at Tsinghua University. He was a resident scholar and the deputy director at the Carnegie-Tsinghua Center until June 2020.
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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