12 June 2019

China’s promise of responsible belt and road investments is in the hands of its bankers

Over the past few months alone, Chinese banks and corporations have been reinforcing a negative reputation with local people in places like Kenya, Myanmar and Peru, where Chinese-supported projects are taking root. In Kenya, communities have been raising concerns about harm from a coal-fired power project, sending three years of unanswered letters to the Industrial and Commercial Bank of China (ICBC), which is financing it. Kenyan litigation has stalled the project.

Read the full article here.