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How Chinese investment and debt finance impacts Africa continues to be a major source of contention. A stream of studies indicate a more nuanced reality between claims China is a benign partner in Africa’s development and claims China is driven solely by geopolitical interests.
The Addis Ababa-Djibouti freight railway, a much-touted component of the Belt Road Initiative in Africa, came under unusual criticism from a senior Chinese financial official. An official of the China Export and Credit Insurance Corporation, known as Sinosure, complained his agency had incurred $ 1 billion in losses because of the project’s poor planning.

About the Author

Pramit Pal Chaudhuri writes on political, security, and economic issues. He previously wrote for the Statesman and the Telegraph in Calcutta. He served on the National Security Advisory Board of the Indian government from 2011-2015. Among other affiliations, he is a member of the Asia Society Global Council, the Aspen Institute Italia, the International Institute of Strategic Studies, and the Mont Pelerin Society. Pramit is also a senior associate of Rhodium Group, New York City, advisor to the Bower Group Asia in India, a member of the Council on Emerging Markets, Washington, DC, and a delegate for the Confederation of Indian Industry-Aspen Strategy Group Indo-U.S. Strategic Dialogue and the Ananta Aspen Strategic Dialogues with Japan, China and Israel. Born in 1964, he has visited over fifty countries on five continents. Mr. Pal Chaudhuri is a history graduate from Cornell University.