For example, the Japan Bank for International Cooperation claims that its loans to Vietnam for a national highway and port upgrades boosted rural household incomes, reduced poverty levels and boosted efficiency.
While several campaigns under Chinese President Xi Jinping’s Belt and Road are also considered “quality infrastructure,” they are often overshadowed by broader concerns about the venture — which has long been viewed as a platform to project Chinese power across the globe.
“The BRI’s aspirational investment levels tell us little, if anything, about the actual impact of new infrastructure projects,” Jonathan Hillman, senior fellow and director of the Reconnecting Asia Project at the Center for Strategic and International Studies, said in a 2018 report. “Will that spending help people who need it most? Will it go into viable projects or white elephants? Will it help or hurt climate change? Will it create or destroy value?”
from Just News Viral http://bit.ly/2S63nIE
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