Monday 17 Dec 2018 | 12:35 | SYDNEY
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Aid & Development

Understanding China’s approach to aid

International Development Minister Concetta Fierravanti-Wells' remarks about China's aid to the Pacific are part of a long tradition of concern in Australia. Yet while some Chinese aid projects are less than perfect, as my colleague Jonathan Pryke notes, Fierravanti-Wells' sweeping

The bad – and good – of China’s aid in the Pacific

The Pacific region is making headlines across Australia after Pacific and International Development Minister Concetta Fierravanti-Wells harshly criticised Chinese aid in the region. 'Useless' is how Fierravanti-Wells has described Chinese aid projects, leading countries to take on debt they can't

An investment bank for Australia’s aid program

In a recent article in the Australian Financial Review, Treasurer Scott Morrison endorsed the use of impact investing: investment with the goal of achieving a social result as well as a financial return. Such a strategy attempts to address problems or needs through market-based, for-

The fall and fall of Australia’s aid program

Diminished and marginalised sums up the way Australia's development assistance program is treated in the Foreign Policy White Paper. The program represents by far the biggest proportion of Department of Foreign Affairs and Trade's budget (DFAT's total budget in 2017/2018 is $5.8 billion, of

Australia makes a welcome Pacific connection

In a week when same-sex marriage, dual-citizenship and Manus Island dominated the news cycle, Prime Ministers Malcolm Turnbull and Peter O’Neill still found time on the sidelines of the APEC summit to strike a deal that should not go overlooked. Turnbull announced that Australia will majority-fund

Cleaning up the Manus damage

Last Tuesday saw the official closure of the Manus Island Regional Processing Centre, the Australian-funded and managed detention centre for unauthorised boat arrivals in Papua New Guinea. Originally opened in 2001 as part of the Howard government’s Pacific Solution, the centre was closed by the

The future role of international financial institutions

The role of the multilateral development banks (MDBs) and other international financial institutions (IFIs) is back in the policy spotlight. The latest attention comes via the G20 Eminent Persons Group (EPG) on Global Financial Governance, formed by G20 Finance Ministers at their meeting

The Asian Development Bank's unfinished business

In his recent Interpreter post, Richard Moore provides a handy summary of the work of the Asian Development Bank (ADB) over the past 50 years. He also poses questions about the future of the Bank. Moore is a former ADB Board member, so he is thoroughly familiar with debates about the Bank's role in

The Asian Development Bank at 50: A spent force?

In May, the Asian Development Bank celebrated its 50th anniversary with a big bash in Yokohama. Senior ADB figures repeatedly pointed to the record crowd of more than 6000 attendees as evidence of the meeting's success and the ADB's enduring relevance. Not all of the 6000 were convinced. If there

Australian aid budget: It could have been worse

A $300 million cut. That’s what the headlines will say about the impact of this year’s budget on the Australian aid program. But that cut won't happen for another two years and there will be an election between now and then. In the meantime, this year the Federal government's spend on aid will

Is the AIIB still ‘lean, clean and green’?

It is just over two years since the United Kingdom announced (to the surprise of everyone involved, most notably the United States, but also China) that it would join the new, China-led multilateral development bank known as the Asian Infrastructure Investment Bank (AIIB). This triggered an

Hard-wiring aid and development to foreign policy

The acid test of Australia’s new foreign policy will be longevity. As a nation, can we set an approach that endures? 'A dynamism about it that can carry forward over about 10 years', is how Foreign Minister, Julie Bishop, described the key ingredient for the new foreign policy white paper.  

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