The Group of 7 countries recently announced a rival to China’s Belt and Road Initiative. Their new Build Back Better World (B3W) initiative has prompted widespread discussion of the implications for developing regions that are desperate for new sources of capital to build infrastructure.
The Carnegie Endowment for International Peace in Washington organized an online forum late last week to explore whether Africa stands to benefit from this latest evolution in the U.S.-China standoff. Carnegie’s Africa director Zainab Usman was joined by Conor Savoy from CSIS, Kenyan economists David Ndii and Anzetse Were along with Yuen Yuen Ang from the University of Michigan.
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