1. Ineffective?
- Subjects
INTERNATIONAL economic assistance ,ECONOMIC development ,ECONOMIC policy ,INTERNATIONAL economic relations ,CONTRACTS ,FINANCE ,BUSINESS enterprises - Abstract
The article reports that the China-Africa Development Fund worth $5bn, which is noted by Beijing as an economic assistance, will be utilized for Chinese enterprises and its projects for Africa. Relative to this, development experts believes that this tying aid to purchasing services and goods from the donor country is inefficient and wasteful while majority of the donor governments have been abandoning it because they that tying aid minimizes its effectiveness by as much as a quarter. On the other hand, most of the aid assistance of Beijing to Africa requires the construction of infrastructure and other contracts to be divided up.
- Published
- 2007