Forg­ing new ties

Governance Now - - DIPLOMACY -

• AAGC will im­prove growth and in­ter­con­nect­ed­ness be­tween and within Asia and Africa. It aims to cre­ate new sea cor­ri­dors link­ing Africa with In­dia and coun­tries in South Asia and South-east Asia • It aims to re­alise a free and open In­doPa­cific re­gion for the com­pre­hen­sive de­vel­op­ment of the re­gion • The cor­ri­dor will fo­cus on four ar­eas: de­vel­op­ment co­op­er­a­tion projects, qual­ity in­fra­struc­ture and in­sti­tu­tional con­nec­tiv­ity, en­hanc­ing skills, and peo­ple-to-peo­ple part­ner­ship • Japan will pump in $272 bil­lion for con­struc­tion of ports and other in­fra­struc­ture • Asian De­vel­op­ment Bank and African De­vel­op­ment Bank will pro­vide loans to fund the project • Over 50 coun­tries will be part of the AAGC

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