China's Belt and Road Initiative

While the Biden administration tries to navigate the domestic political obstacles to implementing the president’s so-called Build Back Better plan, it has quietly started laying the groundwork for a parallel program with major geopolitical implications. Just getting off the ground, Build Back Better World, or B3W, is a plan to improve global infrastructure, widely defined, with an eye to not only raise living standards but, just as importantly, to counter China’s growing influence. The idea was formally announced by the Group of Seven leaders during the G-7 summit last June. It aims to take on China’s high-profile Belt and Road Initiative, or [...]

The prevailing foreign assistance architecture of today’s world, which prioritizes transparency, inclusion and accountability, was developed and codified in a unipolar system—with significant U.S. leadership and influence. Since the end of the Cold War, Western donors have supported this framework, further developing and codifying it in the Millennium Development Goals of 2000; the 2005 Paris Declaration on Aid Effectiveness; the 2008 Accra Agenda, which built on the Paris Declaration; and the 2011 Busan Agreement to standardize good development practice, norms and standards. This architecture is now coming under pressure, largely due to China’s growing interest in and influence over today’s [...]

China has undertaken countless infrastructure projects across the globe as part of its Belt and Road Initiative, but the plan to transform the iconic waterfront of Colombo, the Sri Lankan capital, was so consequential, so massive, that Chinese President Xi Jinping personally attended the 2014 launch. From the start, the plan sparked fierce public protests, but it moved forward. Now, the $1.4 billion Colombo Port City development has run into legal headwinds, once again making Sri Lanka one of the principal case studies of China’s effort to gain a strategic foothold in developing countries across the globe. This week, Sri [...]