TY - JOUR
T1 - China’s foreign aid
T2 - Entering a new stage
AU - Kitano, Naohiro
N1 - Funding Information:
Regarding the multilateral development banks (MDBs), the Department of International Economic and Financial Cooperation of the Ministry of Finance is in charge of economic and financial cooperation with the World Bank, Asian Development Bank (ADB), and the International Fund for Agricultural Development (IFAD). It also oversees the Asian Infrastructure Investment Bank (AIIB) and New Development Bank (NDB), both of which were established in 2015. As a result of an agreement among shareholders on general capital increases for the International Bank for Reconstruction and Development (IBRD) in April 2018, China’s voting power will increase from 4.45% to 5.71%, up from 2.78% in 2010. China has set up a US$50 million trust fund for eradicating poverty and promoting development in the World Bank. China contributed US$5 million and US$10 million in 2016 and 2018, respectively, to IFAD for enhancing South-South and Triangular Cooperation (SSTC).18
Publisher Copyright:
© 2018 Nakasone Yasuhiro Peace Institute.
PY - 2018/1/2
Y1 - 2018/1/2
N2 - As part of the institutional reform plan of the State Council approved by the 13th National People’s Congress, a new aid agency, China International Development Cooperation Agency was inaugurated in April 2018. As the first such agency in the country’s history, its establishment will bring about a major change in the implementation structure of China’s foreign aid. It is important to follow and understand how China will improve and increase its foreign aid. This article reviews the current status of China’s foreign aid: forms and implementation structure, aid policies, volume of aid, and future challenges.
AB - As part of the institutional reform plan of the State Council approved by the 13th National People’s Congress, a new aid agency, China International Development Cooperation Agency was inaugurated in April 2018. As the first such agency in the country’s history, its establishment will bring about a major change in the implementation structure of China’s foreign aid. It is important to follow and understand how China will improve and increase its foreign aid. This article reviews the current status of China’s foreign aid: forms and implementation structure, aid policies, volume of aid, and future challenges.
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U2 - 10.1080/13439006.2018.1484617
DO - 10.1080/13439006.2018.1484617
M3 - Article
AN - SCOPUS:85049508765
SN - 1343-9006
VL - 25
SP - 90
EP - 111
JO - Asia-Pacific Review
JF - Asia-Pacific Review
IS - 1
ER -