SEA turns to China as Western aid retreats – Lowy report
A new Lowy Institute report shows how Western aid cuts and rising loans from China, the Asian Development Bank and the World Bank are reshaping development finance across Southeast Asia.
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A new Lowy Institute report shows how Western aid cuts and rising loans from China, the Asian Development Bank and the World Bank are reshaping development finance across Southeast Asia.
Bambang Brodjonegoro, dean of the ADB’s Tokyo-based think tank, said Southeast Asia’s largest middle-income economies are at risk of long-term stagnation as demographic advantages fade and productivity growth stalls.