China's Funding of Global Development Institutions Has Increased Over Tenfold Since 2010, Report States
A report from the Centre for Global Development indicates that China's financial contributions to global development institutions have expanded by more than ten times since 2010, though the rate of this expansion has recently decelerated as financing has become more selective.
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Based on reporting by South China Morning Post:
According to a new report released by the Washington-based Centre for Global Development, China's yearly financial contributions to multilateral development organizations have increased from less than US$260 million in 2010 to exceeding US$3 billion in 2024.
Think tank analysts noted that the most rapid expansion in funding has been directed toward multilateral development banks that offer low-income countries grants and affordable loans.
Analysts Beata Cichocka and Ian Mitchell, in the report, observed that China seems to have a greater involvement in the system compared to a decade ago, but this involvement is influenced by both Beijing's own cautious and selective approach, as well as concessions made by current shareholders.
They further stated that China's overall funding growth has slowed over the last five years, with the most significant increases being channeled to multilateral development banks that provide low-cost loans and grants to nations with lower incomes.
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