Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Map of Chinese lending projects around the world, concentrated in Europe, Asia, and Africa

The Problem Isn’t that Chinese Lending Is Too Big, It’s that the US and Europe’s Is Too Small

As the possibility of a new Cold War between the US and China gains traction in some foreign policy circles, the scale of Chinese development finance has taken center stage. A closer examination suggests the cost to China of this lending is distinctly underwhelming. It would be cheap for the US and Europe to match China’s lending numbers –and in the interest of global development if it was done right.

Senator Chris coons speaking at a podium with an American flag behind him

USDFC Monitor: A Q&A with Senator Chris Coons

While reflecting on DFC’s progress in implementing its core development mandate, and confronting the challenges posed the COVID-19 pandemic, we reached out to Senator Chris Coons (D-DE), a lead sponsor of the BUILD Act and a member of the Senate Foreign Relations Committee. We asked Senator Coons for his take on how the newest US development agency is faring and what he hopes to see in DFC’s future.