David Malpass, U.S. President Donald Trump's nominee to lead the World Bank, told media sources on Wednesday that he hopes to cut the multilateral lender's loans to China, which he believes is too wealthy to receive large loans from the World Bank. Malpass also criticized China's Belt and Road infrastructure initiative, saying that the BRI "leaves countries with heavy burdens of debt," reports Nikkei.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
The World Bank Monday urged Malaysia's new government to step up fiscal reforms amid robust economic growth to make the country more resilient to potential future shocks.The government should also restructure large-scale infrastructure projects and improve spending efficiency, it said.
This report highlights recommendations on how the U.S. might effectively engage Southeast Asia's infrastructure challenges to foster greater stability and financial integration in the region.
The tug of war between quantity and quality is now at the center of Asia’s infrastructure contest.
Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.
Reconnecting Asia is tracking developments across a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of the top projects to watch in 2018.
The magnitude of the Balkan Silk Road project poses a mixture of opportunities and policy challenges for countries engaging in or seeking to benefit from its implementation.
The challenge today for multilateral development banks is not how to mobilize excess savings but how to catalyze abundant capital for development.
While the U.S. and Japan cannot offer as much investment as China in the region, they can offer their expertise and high standards, Matthew Goodman explains in an interview with Nikkei.