WASHINGTON, June 17 — The global infrastructure plan announced by G7 leaders aims to offer developing nations a credible alternative to China’s much-criticised Belt and Road Initiative — but it faces major hurdles on the ground, especially if Beijing’s hiccups are any indication.
The Beijing plan “has under-delivered on many of its promises and generated pushback against China from many countries, creating an opening for the B3W initiative,” said Eswar Prasad, a China specialist at Cornell University. One such example centres on a hydropower plant constructed on the island of Sumatra in Indonesia, which has been widely criticised for damaging a rainforest that is home to the critically endangered Tapanuli orangutan, the world’s rarest great ape.
“Little by little, the Chinese have eliminated competition from local businesses,” a development specialist in Africa told AFP, on condition of anonymity. “The B3W needs to resonate with leaders in developing countries,” said Matthew Goodman and Jonathan Hillman, experts at the Centre for Strategic International Studies, adding that “many will be eager to expand their options, and the B3W brand could carry prestige as a high-quality effort.”
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