Tag: Forum on China-Africa Cooperation

Cooperative But Not Conforming

| November 27, 2012 | 0 Comments
Cooperative But Not Conforming

China established its foreign aid programs soon after the founding of the People’s Republic of China in 1949, when the country itself was short of funds. Today, China has come to the forefront as a development partner, especially in Africa. China has historically been unique as an aid-giving country. China’s presence in Africa, for example, started in 1956—around the time Bretton Woods Institutions were established with a focus on Europe. When aid from “traditional donors” stagnated in the late 2000s because of the global economic crisis, China continued increasing investment in Africa, drawing the world’s attention with the Forum on China-Africa Cooperation, established in 2000.

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