The limits of communication

10. Dezember 2021

The con­cept of “eco­no­mic hitman-esque” debt-traps (unre­paya­ble infra­st­ruc­tu­re loans, with the len­der coun­tries indus­tri­al sec­tor net­ting the actu­al buil­ding con­tracts), that had been remo­de­led by the chi­ne­se into gif­ting infra­st­ruc­tu­re out­right, and then gran­ting them­sel­ves ope­ra­ting rights, if cer­tain con­di­ti­ons aren’t met accord­ing to a pre­de­fi­ned con­tract, has now mor­phed into *pau­se*

The Glo­bal Gate­way Strategy”

[…] smart invest­ments in qua­li­ty infra­st­ruc­tu­re, respec­ting the hig­hest social and envi­ron­men­tal stan­dards, in line with the EU’s demo­cra­tic values”

[So] Euro­pe can build more resi­li­ent con­nec­tions with the world.”

Envi­ron­men­tal? Resi­li­ent? Yes, becau­se it’s most­ly tar­ge­ting data and health­ca­re infra­st­ruc­tu­re, if the deb­ter coun­try choo­ses, out of their own voli­ti­on, to use the funds in that way. Euro­pe would only be sug­ges­ting as much. At a third of the volu­me Chi­na is inves­ting in belt and road, only a deca­de later. Part­ly using alrea­dy pre­al­lo­ca­ted funds.

DW has their youn­gest Brussels cor­re­spon­dent on the case right now. (See video.)

The stra­te­gy is “of par­ti­cu­lar impor­t­ance in Sou­the­ast Asia,” whe­re the EU has been a strong part­ner for the regi­on, said Igor Dries­mans, the EU ambassa­dor to the Asso­cia­ti­on of Sou­the­ast Asi­an Nati­ons (ASEAN) bloc.

Dries­mans said the Glo­bal Gate­way will build on a stra­te­gy for coope­ra­ti­on with coun­tries in the regi­on, inclu­ding the 2018 EU-Asia con­nec­ti­vi­ty strategy.

The­re is also the poten­ti­al for the EU’s Glo­bal Gate­way to part­ner with the United Sta­tes’ glo­bal invest­ment pro­po­sal, Build Back Bet­ter World.

src: click

To get more infor­ma­ti­on on Build Back Bet­ter World in Gaza/Westbank, for examp­le, plea­se read: click

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