The eighth Forum on China Africa Cooperation (FOCAC) drew to a close last week in Dakar. The big takeaway this year is a noticeable shift in China’s approach to Africa—from hard cash for infrastructure, to soft cooperation on trade and human capital.
CGD Policy Blogs
In this blog, we go beyond the headlines and unpack the Global Gateway’s strategy, narrative, finance, and governance. Now that the plan has been published, it’s clear that, while packaged and presented as a real competitor to China in infrastructure, the Global Gateway appears to be a paper tiger.
How can the development community truly harness the power of this cooperation and come together to achieve the Sustainable Development Goals? Last month, the Center for Global Development again hosted the Development Leaders Conference, this time in Beijing in partnership with the Asian Infrastructure Investment Bank (AIIB).
This piece was first published by Friends of Europe, please see the original article here.