1. China in the Pacific: the new banker in town
- Author:
- Fergus Hanson and Mary Fifita
- Publication Date:
- 04-2011
- Content Type:
- Policy Brief
- Institution:
- Lowy Institute for International Policy
- Abstract:
- What is the problem? China is now one of the Pacific\'s major donors. An analysis of its aid program in the region from 2005 to 2009 suggests it is reducing the grant component of its aid and increasing the soft loan proportion. China has pledged over $US 600 million to the Pacific since 2005 and debt burdening will become increasingly pressing as Chinese loans accumulate and the five-year grace periods expire. There appears to have been limited progress improving transparency.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- China, Asia, and Australia/Pacific