If the U.S. is Going to Compete Against China’s BRI, Then It’s Going to Have to Mobilize the Private Sector… And That Won’t Be Easy

If the proposed B3W has any chance of rivaling China’s eight-year-old Belt and Road Initiative, the U.S. government is going to have to persuade development finance institutions, private companies, and Wall Street that building infrastructure in some of the world’s highest risk countries is a good investment.

Access to huge pools of private capital will be the defining difference between the U.S. approach and China’s state-led initiative that, until now, has largely relied on the country’s two main policy banks, the China Exim Bank and the China Development Bank to fund hundreds of billions worth of infrastructure development throughout the Global South.

This marketing content will be shown in place of your protected content to anyone who is not allowed to read the post…

• Get a daily email packed with the latest China-Africa news and analysis.
• Read exclusive insights on the key trends shaping China-Africa relations.
• Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More

The post If the U.S. is Going to Compete Against China’s BRI, Then It’s Going to Have to Mobilize the Private Sector… And That Won’t Be Easy appeared first on The China Africa Project.

source https://chinaafricaproject.com/2021/10/27/if-the-u-s-is-going-to-compete-against-chinas-bri-then-its-going-to-have-to-mobilize-the-private-sector-and-that-wont-be-easy/