In­clu­sive Process

ChinAfrica - - Cover Story -

Al­ready China has ex­pended over 50 per­cent of the $60 bil­lion given to fund projects in the 10 co­op­er­a­tion plans out­lined by Pres­i­dent Xi Jin­ping at the Jo­han­nes­burg Sum­mit of the Fo­rum on China-africa Co­op­er­a­tion (FOCAC) held in South Africa in De­cem­ber 2015.

The pro­foundly good news is that the process of Chi­naafrica deep­en­ing en­gage­ment on the de­ci­sive in­fra­struc­ture chal­lenge of the con­ti­nent will re­ceive a mas­sive boost and will be fur­ther main­streamed in the frame­work of China’s Belt and Road Ini­tia­tive.

The Belt and Road Ini­tia­tive pro­posed by China is both an all-round open­ing-up strat­egy and in­ter­na­tional plan along with pub­lic goods un­der the prin­ci­ple of wide con­sul­ta­tion, joint con­tri­bu­tions and shared ben­e­fits, all aimed at es­tab­lish­ing a com­mu­nity of com­mon des­tiny.

With the frame­work of the Belt and Road Ini­tia­tive, China has led the es­tab­lish­ment of Asian In­vest­ment and In­fra­struc­ture Bank (AIIB) for which more than 60 coun­tries and re­gions in­clud­ing the rich in­dus­tri­al­ized coun­tries of the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment have signed in. The Silk Road Fund is also up and run­ning and dis­burs­ing funds for projects ear­marked in the process.

Africa’s fund­ing deficit could be con­sid­er­ably ame­lio­rated if the re­gion’s gov­ern­ments strate­gi­cally en­gage with the global pub­lic goods, gen­er­ously of­fered by the Belt and Road Ini­tia­tive. Im­por­tantly, the Belt and Road Ini­tia­tive, as an open and in­clu­sive process driven by wide con­sul­ta­tions, joint con­tri­bu­tions and shared ben­e­fits, does not have the geo-po­lit­i­cal trap­pings seen in the U.S. Mar­shall Plan through which the United States helped post-world War II Europe to re­con­struct and re­cover, but locked it into U.S. strate­gic na­tional se­cu­rity in­ter­ests, a bur­den which fu­els the cur­rent de­bate about the fu­ture of the North At­lantic Al­liance.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.