Monday, June 24, 2019

China's New Foreign Aid Agency

The Carnegie-Tsinghua Center for Global Policy published on 21 May 2019 a brief analysis titled "The Logic Behind China's Foreign Aid Agency" by Cheng Cheng.

The newly established China International Development Cooperation Agency (CIDCA) falls directly under the State Council and combines the foreign aid branches of the Ministry of Foreign Affairs and the Ministry of Commerce. It is responsible for the financial flows that are concessional in nature (or the parts that qualify as ODA), such as grants and no interest and concessional loans.