Australia commits A$492m to the Asian Development Bank for Asia-Pacific projects, addressing concerns over Chinese influence.
Australia commits A$492m (US$323m) to the Asian Development Bank for the next four years, aiming to enhance development projects in the Asia-Pacific region. The funding follows concerns that Chinese state-owned enterprises have used Asian Development Bank-funded contracts to advance Beijing's geopolitical agenda. The commitment comes after the bank agreed to reform the way it delivers projects.
May 02, 2024
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