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China Back Pedals on Aid Cooperation
Wed Nov 30 03:03:22 2011
views: 360 | Comments: 0
 ronninviks image By Ronninviks
Member since:Jun 22, 2010 07:24:42
 

Leaders of the richest nations are meeting in South Korea to discuss global cooperation on aid. China is one of the participants, but its cooperation appears to be waning, as it advised Talaat Abdel-Malek, chair of the Working Party on Aid Effectiveness, that the country is not ready to work on a worldwide level on the issue of aid.

This is the fourth meeting on the topic of global development of aid, and more than 2,000 attendees are present in South Korea to formalize common principles in giving aid. The aid summit is being attended by Secretary of State Hillary Clinton and UN Secretary-General Ban Ki-moon, among others.

China has given nearly $40 billion in aid over the last 60 years, reports the Guardian newspaper, but much of that aid has been to African countries rich in oil and minerals. The goal of global cooperation is to break the tie between aid donations and commercial business deals.

Global cooperation also allows recipient aid nations to avoid endless paperwork and compliance issues from multiple aid donors, making more of the aid they do receive. Aid organizations are now worried that other nations make take China's unwillingness to take part in a common global framework as an excuse to withdraw as well.

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