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A Community of Shared Future for Mankind: The Strategic Perspective of China until 2050

Helga Zepp-LaRouche’s address to the RAS Institute of Far Eastern Studies Academic Council for Comprehensive Studies of Contemporary China, 23rd International Academic Conference: “China, Chinese Civilization and the World: Past, Present, and Future”

Moscow, October 24,2018

The big question which should concern all human beings on this planet, is essentially the same which was hotly debated in the young American republic as reported in the “Federalist Papers”; is human society capable of an efficient form of self-government, only that this time it is not a question of one nation, it concerns all of humanity: The need for a new paradigm in the world order.

Tensions in a world plagued by multiple crises seem to increase towards a breaking point. The danger of a new this time systemic financial crash of the financial system, an unprecedented polarization inside the United States around the ongoing coup attempt against the President of the United States, false flag operations, Goebbels-like deception operations against entire populations, drug epidemics which are a new form of Opium Wars, the global migration crisis, terrorism and Nazism, an increase of centrifugal forces in the EU, the re-emergence of aggressive geopolitically motivated efforts to defend an order, which no longer exists — just to list some of the challenges. The world is in disorder.

In light of such a complex and seemingly completely disunited world, how realistic is then the perspective laid out at the 19th National Congress of the CPC by Chinese President Xi Jinping where he defined the goal for China until the year 2050 is to become a “strong, democratic, culturally advanced, harmonious, and beautiful” fully modernized country and even spoke at some point of the building of a “beautiful world” for all nations to participate in?

If one looks at the crises and challenges listed above as unrelated individual problems, one ends up in a “bad infinity,” where the solution to many of them seems impossible. But if one recognizes, that all of these problems have common threads in that they are the derivatives of the old paradigm of an epoch going under, one can find the solution by being informed by the principles of the new epoch.

There are two “game changing” topics in the near future, which will create totally opposite pathways for the future. The first one concerns the monumental battle fought out at this point in the United States where either the coup attempt against President Trump will be successful and he be driven out of office by one way or the other; or, if the collusion of the heads of intelligence agencies of the Obama administration with the British intelligence GCHQ and MI6 in orchestrating “Russiagate” against Trump, in order to prevent him from realizing his intention to put the relationship between the U.S. and Russia on a good basis, will lead to the criminal prosecution of the perpetrators. Were the Democrats to win the House of Representatives in the mid-term election, they will try to bury the ongoing investigation in the Congress, and the confrontationist policies we have seen in the sanctions against Russia and the trade war against China and the recent speech by Vice President Pence, will be escalated instantly. If Trump can consolidate his position, despite the many hawkish tones coming from the U.S. now, there does exist the potential that he will be able in the second half of his first term to improve relations with Russia and return to his initial positive attitude towards China.

The second related game-changing issue is a perspective to overcome the “Thucydides Trap,” the apparent conflict between the power dominating the world up to now, the U.S., and the rising power, China, by defining a solution which goes way beyond the bilateral situation of the two and which addresses the existential dangers for {all} the nations and thus shifting the level of discussion and thinking to a higher plateau.

What my husband, Lyndon LaRouche, has already proposed several years ago is still valid: The four most powerful nations in the world — the U.S., Russia, China, and India — supported by others like Japan, South Korea and others, must set up in the short-term a New Bretton Woods system, to avoid the potentially devastating consequences of an uncontrolled financial collapse. This new international credit system must correct the flaws of the old Bretton Woods system, which was not carried out in full by Churchill and Truman as intended by Roosevelt. It must guarantee the unconditional sovereignty of each and all nation-states participating in it, and it must promote their unlimited opportunities to participate in the benefits of scientific and technological progress to the mutual benefit of each and all. This New Bretton Woods system must have as its most important feature a profound change in the monetary, economic, and political relations between the dominant powers and the so-called developing nations. Unless the inequities lingering in the aftermath of modern colonialism are progressively remedied, neither can there be peace, nor can such challenges as the migration crisis or terrorism be overcome.

The basic conception for such a new credit and economic system already exists in principle in the Belt and Road policy of President Xi Jinping. In the five years of its existence, it has created an unprecedented dynamic of hope and optimism among the approximately 100 countries participating in it. And given the rate of progress in such a short time, it is obvious that the goal defined by President Xi Jinping, of a “beautiful world” by 2050 for all of humanity is absolutely achievable.

The new set of relations required for the New Paradigm is already in the process of being built. The increasing integration of the Belt and Road Initiative, the Shanghai Cooperation Organization, the Eurasian Economic Union, and the Global South organizations, are progressing successfully and are already creating completely new strategic alliances for the mutual benefit of all participating in them. The “New Silk Road Spirit” has caught on in most countries of Asia, Latin America; it has given for the first time hope to Africa. Many in Europe are participating, despite the reluctance of the European Union and the present Berlin government, there are an increasing number of people in Europe, who want to be fully integrated in the New Silk Road.

The biggest, and unavoidable challenge, however, will be to find a solution, which includes the United States. Given the actual level of militarization of the United States, both in terms of the armed forces as well as the arming of the population domestically, the chance that the United States would disintegrate or accept to be excluded from an alternative world system as peacefully as it happened with the Soviet Union is probably tending towards zero. The military policy of President Putin, announced on March 1, regarding Russian military science and the strategic alliance between Russia and China, shows the Russian and Chinese clarity on this. So, if the Thucydides Trap is supposed to be avoided, there has to be a design of a solution, which integrates the United States in a higher order of organization of the world order.

The common political platform offered must be conceptualized from the standpoint of what Nikolaus Kusansky defined as a completely new form of thinking, in his famous {Coincidentia Oppositorum}; the One, which has a higher order of reality than the Many. This is already implicit in President Xi Jinping’s conception of the “Shared Community for the Future of Mankind.”

Rather than approaching the question of the new set of relations among the nations of the world from the standpoint of proceeding from the status quo, the vision, how the human species will have grown into adulthood in 50 or 100 years from now must provide a concrete set of policy cooperation proposals. By that time, according to the scientific theory of Vladimir Vernadsky, the Nöosphere will have advanced its dominance over the Biosphere qualitatively, and new generations of scientists and classical artists will communicate with each other based on the search for new physical and artistic principles.

As the German rocket scientist and space visionary Krafft Ehricke elaborated, the extension of infrastructure into nearby space, as a precondition for interstellar space travel, is the necessary next level of the evolution of the human species. As the collaboration on the International Space Station and the eye opening findings of the Hubble Space Telescope have demonstrated, the emphasis on mankind as a space-faring species completely changes the sense of identity of all astronauts, engineers, and scientists involved. It has also completely replaced the notion that we are living in an Earth-bound system, where opposing geopolitical interests have to quarrel about limited resources; with the idea that Mankind has just begun to make the very first baby steps into a universe, in which there are an estimated two trillion galaxies.

The Chinese space program will soon provide another unprecedented game-changer by leading the world into a new scientific and industrial revolution. The ongoing Chang’e lunar missions include an ambitious program to bring back helium-3 from the Moon as fuel for controlled thermonuclear fusion on Earth. Once the human species can control thermonuclear fusion, we will have energy and raw material security for the entire human kind for the foreseeable future to come.

Going in the same direction, the Chandrayaan-2 mission of the Indian Space Research Organization will analyze the lunar crust for traces of water and helium-3. President Trump declared manned space travel, the return to the Moon, and missions to Mars and “worlds far away,” to be back as a national mission. These, and related missions by other space nations, will not only benefit the countries involved, but all of Mankind. Space science will transform every aspect of life on Earth, as the same general technologies and approaches to create habitable conditions in “wastelands” on the Earth, as with Umka, the Russian city planned for the Arctic, will be used to create villages on the Moon. Space technology will completely revolutionize the access to advanced medical care on every spot on Earth, agriculture will benefit from many aspects of space research. The combination of a fusion economy and the industrialization of the Moon, as the next steps in an unlimited process of mankind’s continued mastery of the laws of the universe, will mean an entirely new economic platform in the sense defined by Lyndon LaRouche.

If the many human beings in distress in the world — be it fleeing as refugees from the scourges of poverty and war, or seeing society falling apart with an increase of violence, alcoholism, drug abuse, or depression, or any other expression of desperation — knew about the immediate potentials for a breakthrough to a new era of mankind, the New Silk Road Spirit would catch on and become the beacon of hope for everybody.

The ordering principle for a disunited world today can become the basis for joint leadership of the Presidents of China, Russia, India and the United States. I’m convinced that this vision of a shared destiny for mankind is absolutely possible; because mankind is the only creative species known in the universe so far.


Webcast: As Financial System Teeters, a New Bretton Woods is the Solution

Sign our petition for a New Bretton Woods!
Only a fool could ignore the signs of an impending crash of the financial system. The whole international order is disintegrating, driven by the efforts of City of London/Wall Street financial oligarchs to grab more loot to prop up their speculative, casino economy, and its volume of unsustainable debts of all sorts.

Decades ago, Lyndon LaRouche forecast that this was inevitable, as those running the financial empire adopted increasingly insane strategies to protect worthless debt. As the Cold War division of the world ended, the neocons and neo-libs believed that they could keep the racket going, by employing U.S. military power to impose a unilateral order, based on the same geopolitical assumptions that led to two devastating world wars during the 20th century. In response, the populations of the Trans-Atlantic region rebelled, with Brexit, the Trump election and numerous other examples demonstrating the emergence of a full-scale insurgency against “mainstream” institutions, including political parties and the media.

At the same time, LaRouche’s call for an agreement among major powers is becoming a reality. LaRouche proposed an alliance between the U.S., Russia, China and India to form the core of establishing a New Bretton Woods. The advances made in the last years, centered around China’s Belt-and-Road Initiative, and the election of Donald Trump in the U.S., represent the only way out, for if the unilateralist geopoliticians maintain control, the world is heading for financial chaos and war.

This battle for the future has been the ongoing focus of Helga Zepp-LaRouche’s weekly webcasts. Join us this Friday for the latest update.


Abe in China: from Competition to Cooperation

Oct.26, 2018 -Japanese Prime Minister Shinzo Abe began a three-day visit to Beijing on Thursday for a summit with Chinese President Xi Jinping, the first such summit since 2011. The main
goal of the visit is to transform relations from that of competition to cooperation, especially concerning Japanese cooperation in the Belt and Road Inititive. Some 500 Japanese businessmen accompanied Abe on his visit.

Abe has held substantive meetings with Chinese Prime Minister Li Keqiang, the chair of the National People’s Congress Standing Committee Li Zhanshu, and Chinese President Xi Jinping.

Abe’s repeated message, as he emphasized in his joint press conference with Prime Minister Li, was that Japanese-Chinese relations have entered a new phase, moving “from competition to cooperation…. We want to expand our relationship significantly. We are
neighbors. We are partners cooperating with each other. We have to avoid becoming a threat to each other.”

President Xi opened his talks with Abe, noting that “as the international situation changes, China and Japan are becoming increasingly dependent on one another. Our countries also have a growing number of common interests and concerns on a multilateral level. The rapid changes in the world are providing China and Japan with opportunities for more in-depth cooperation.”

Reflecting on the historical relations between the two countries, Xi added that “China and Japan have interacted for more than 2,000 years. The people of our countries have long been
learning from each other and achieving developments. In that long history, there were deplorable times and the Chinese people suffered tremendously.”

Abe reiterated to Xi his above message, that his visit is “an opportunity to elevate the Japan-China relationship to a new phase from competition to cooperation…. [W]e want to work with China for the peace and stability of the world, and the region, and that’s what countries around the world expect of us.”

{Asahi Shimbun} reported that Li and Abe confirmed that the two countries will jointly promote infrastructure projects led by Japanese and Chinese private companies in third countries. Chinese state radio reported that Li welcomed Japan to actively take part in China’s Belt and Road infrastructure initiative, and in China’s reforms and the opening up of its economy,

Speaking on the sidelines of an economic forum of 1,400 business and government official on Friday, Abe pointed out that “Infrastructure projects in Asia are expected to be worth 1.7 trillion dollars annually by 2030. It won’t be easy for companies in one country to tackle this demand and overcome the accompanying challenges.” He stressed that projects led by
Japanese and Chinese firms in other countries must follow international standards.

All kinds of agreements were signed, between the leaders and between Chinese and Japanese businessmen. A key one is that annual high-level dialogues that have been suspended for years will be reestablished (e.g. between Foreign Ministers). Others reportedly include agreements to work together on a total of 52 joint projects, including urban development in a special economic zone in eastern Thailand and establishing a new fund with banks and securities firms; to accelerate talks on jointly developing gas fields in the East China Sea; and a decision to revive a 30 billion dollar currency swap pact dropped in 2013.


Caspian Sea Agreement Enhances Belt and Road Initiative

Aug. 13, 2018 –The Caspian Sea agreement signed this weekend by Presidents of the five countries on its border – Russia, Kazakhstan, Iran, Azerbaijan, and Turkmenistan – will enhance the region’s role in the Belt and Road Initiative. Along with the convention which also bans military presence of any outside power, effectively ruling out leasing a military base to a foreign power, several other documents include protocols on cooperation in the fight against terrorism and organized crime, and an agreement to avoid incidents in the Caspian Sea. The five presidents also signed agreements on trade and economic cooperation, and an agreement on cooperation in transportation.

Underscoring the need to develop transportation, Russian President Vladimir Putin said in his address, “Transport interconnection is one of the key factors for securing sustainable growth and strengthening our countries’ cooperation,” explaining that Russia is implementing a strategy for the development of seaports in the Caspian Basin till 2030, including the building of a deep-water port near Kaspiysk by 2025. The port will be capable of handling heavy-duty vessels with a payload of 15,000-25,000 tons.

Kaspiysk is the port directly across the sea from Kuryk port in Kazakhstan. Its development as a deep-sea port implies the development of an east-west corridor in the contexts of the Belt and Road Initiative. Furthermore, developing a port for ships of 15,000 to 25,000 tons is also significant because the largest ships are no more than 10,000 tons and conform to the river-sea class capable of entering the Volga River and the broader Russian river and canal network.


Successful Berlin Seminar: “Felix Yemen” instead of Genocide!

On Oct. 13, the Schiller Institute and  INSAN for Human Rights and Peace organized a joint seminar in  Berlin on “A Future for Yemen: Instead of Geopolitical Destruction — A New Paradigm for Reconstruction and Development with the New Silk Road for Southwest Asia and Africa.” Sixty people attended the half-day event, both German contacts and members, and Yemeni INSAN activists, among them many youth. It was a truly moving event, as the horror and humanitarian disaster was contrasted with the beautiful vision of reconstruction as worked out in Operation Felix by Hussein Askary, who attended as a speaker. His remarks gave people a true spark of the sublime — that it is possible to save humanity in the current breakdown of the old, dying global system and to take the future into one’s own hands.

After a short greeting by Elke Fimmen, a Schiller Institute chorus of Berlin and Dresden members sang {Dona Nobis Pacem}, to great effect on the audience. Elke then read Helga Zepp-LaRouche’s special greeting to the conference; followed by Aiman Al Mansour, who introduced the aim of his organization INSAN — INSAN means human being — and appealed to everybody to open their heart and soul, and consider mankind as a whole, giving the victims of the present genocide in Yemen a voice.

Helga Zepp-LaRouche called the events in Yemen a crime against humanity, with the Western governments and media being accomplices in it. When people said, after the Nazi Holocaust, that they did not know about it, today nobody can claim he or she did not know what is going on, even with the scarce reports. With 18 million of Yemen’s 29 million people threatened by famine, among them millions of children, Western governments continue to deliver weapons to Saudi Arabia. Now, with the likely murder of Saudi opposition journalist Jamal Khashoggi, U.S. senators talk about the Magnitsky Act. “But for each child dying of hunger in Yemen the Magnitsky Act must be applied!” Nevertheless, there is reason for optimism, because China’s Belt and Road policy has changed the strategic situation already, and this means also a concrete perspective for the reconstruction of Yemen in the near future, as can be seen in Syria and the Horn of Africa. She ended by saying, “Let us be warrior-angels in Friedrich Schiller’s sense and fight for a better order for all of humanity, which is in cohesion with our true identity as one mankind. Nobody in this world is secure, unless the people of Yemen are not secure and cannot realize their potential for happiness.”

After this introduction, in the first xsession, presentations were given by representatives of INSAN:
On the consequences of the catastrophic humanitarian situation in Yemen (Abdullatif ElWashali); a very dramatic picture by psychiatrist Dr. Hussein Al-Warith on the psychology of war trauma among children in Yemen and the difficulties to deal with it. How can these children contribute to rebuild their country in the future? Finally, Mohammad Abo Taleb spoke on the consequences of the blockade. Engeline Kramer, a long-time peace activist with a personal connection to Yemeni students, blasted the German government’s non-position on this horrible war.

The first part of the seminar was ended with a discussion and a short video on the school bus massacre of 40 school children on Aug. 9, by a missile built by Lockheed Martin and launched by the Saudi “coalition.”

After the break, Elke Fimmen spoke on the strategic situation and the need to replace the bankrupt old order with a new paradigm, asking the question “Is mankind morally fit to survive?” She attacked today’s culture of death, from which we have to free ourselves and build a beautiful future.

After an overview video on the damage done in Yemen, Hussein Askary then presented Operation Felix, the reconstruction plan for Yemen in the context of the New Silk Road. He first described (as in his June 30-July 1 Schiller Institute conference speech in Bad Soden) the history of why Yemen was the poorest country in the region all along, and said that, before the war, nothing had been invested into the real economy and agriculture in decades, due to the IMF/World Bank policy, and the idea that earning money from oil exports would be enough.

So, when the war started, the country was basically lost.

Askary then presented Yemen’s position on the crossroads of the Belt and Road and showed the plans for the main development corridor projects for Yemen, especially the North-South railroad from Saa’da to Aden, which, concerning the very mountainous territory, is comparable to the one in Ethiopia, which China is building and plans to complete within four years. He stressed that it will be mostly up to the intellectuals and to the youth — who make up 50% of the present Yemeni population — half of them under 18 years old! –to build the country’s future and learn from the lessons of the past.

Askary’s appeal to have a clear vision for the future, so you can fight for it, clearly struck a response with those attending. One of the points made in the discussion was the need to make this project known to a broader population in Yemen, to give people a vision in this horrible situation, which can remoralize them; there was also discussion on how to sustain such a program in the longer run, so that one is not dependent on the outside. All of this led to an extremely fruitful and frank discussion. People expressed afterwards their gratitude for the seminar. Especially some of the young people were visibly excited about the perspective that Askary presented.

Here is the speech by Hussein Askary:

 


Hong-Kong-Zhuhai-Macao Bridge, World’s Longest Sea Crossing, Now Open

Oct. 23-Chinese President Xi Jinping officially opened the Hong Kong-Zhuhai-Macao Bridge (HZMB), the world’s longest sea-crossing today, nine years after its construction began, with the leaders of Macao, Zhuhai and Hong Kong present.

Including its access roads, the bridge spans 55km (34 miles)connecting Macao and the mainland Chinese city of Zhuhai to Hong Kong across the Pearl River Delta, BBC reported today.

The bridge was built to withstand earthquakes and typhoons, with 400,000 tons of steel used — enough to build 60 Eiffel Towers.

About 30km of its total length crosses the sea of the Pearl River delta. To allow ships through, a 6.7 km section in the middle of the bridge dips into an undersea tunnel that runs between two artificial islands built for this purpose. The remaining sections are link roads, viaducts, and land tunnels connecting Zhuhai and Hong Kong to the main bridge. It cuts travel time between Macao and Zhuhai on the west side of the delta to Hong Kong to less than an hour, from what used to be four hours; travel time between Zhuhai and Hong Kong International airport will now take 45 minutes.

The bridge is part of China’s plan to create a Greater Bay Area, including Hong Kong, Macao, and nine other cities in southern China, BBC reports.
The bridge, which cost $20 billion, will open to traffic a 9 a.m. on Wednesday, Oct.24.

Chinese Vice-Premier Han Zheng, who is in charge of China’s affairs with the Special Administrative Regions of Hong Kong and Macao, said, “As the first massive infrastructure project cooperation between the three cities, the opening of the bridge helps with the interaction between residents in the area, has economic benefits, helps push the Greater Bay Area vision forward and is beneficial to the combined competitiveness of Zhuhai, Hong Kong and Macao.”

Hong Kong Chief Executive Carrie Lam said the bridge will create an ideal living environment, where the three cities are within one hour’s reach from each other. The bridge structure features a dual three-lane main bridge 30 km long, two artificial islands, and link roads totalling 25 km. The Hong Kong part of the bridge starts with the Hong Kong Port east of the city’s international airport and north of Lantau Island. It connects with a link road, followed by a 6.7 km sub-sea tunnel on one of the world’s busiest waterways, a main bridge, and a link road to Zhuhai.


China Prepared To Jump Right into Reconstruction of Syria

July 29 –China will play a major role in the reconstruction of Syria, which nation lies on the New Silk Road, at the crossroads of Southeast Asia, Southwest Asia, Europe and Africa.

China hasd already pledged $2 billion to invest in Syrian industry last year, and in July announced a further $23 billion in loans and aid for the Arab region, including Iraq, Yemen, Lebanon, Jordan, Syria, and others.

But there is already a deeper process underway for China to play a significant role in the reconstruction of Syria, which the World Bank estimates could cost $250 billion.

According to {Guangming News} of May 7, 2017, in an article entitled, “China’s First Post-War Reconstruction Conference in Syria,” there were two conferences in Spring 2017, one in Syria, one in China, to work on targetted areas for real growth.

From April 14-21, 2017, at the invitation of the Syrian government, Qin Yong, deputy chairman of the China Arab Exchange Association visited Damascus and Homs in Syria. Qin reported, “We are the first Chinese delegation to visit Syria to discuss post-war reconstruction and have received a high-standard reception from the Syrian authorities.” He cited positively the security and safety in Damascus, Homs, Latakia, and those regions under government contol, “the confidence and enthusiasm of the Syrian government and people for reconstruction,” and “the Syrian government’s and people’s desire to invite Chinese companies to participate in reconstruction is stronger than expected.”

On May 4, 2017, a conference, “Syria’s Security Situation and Reconstruction Opportunities–China Arab Exchange Association’s Visit to Syria,” took place in Beijing, where Qin reported back on his Syria trip, and presented his findings and the reconstruction possibilities. Syrian Ambassador to China Imad Mustafa also spoke, praising China as “the first protagonist for the future reconstruction of Syria.”

The China Arab Exchange Association (which is backed by the China State Council) also issued a series of reconstruction projects in Syria’s infrastructure, electricity, building materials, agriculture, etc. Reportedly as many as 1,000 Chinese companies are involved, including some of the leading Chinese companies in harbor engineering, steel, hydropower, metallurgy, aircraft, and agriculture.

{Guangming Daily} mentioned that concerning Syria, several business representatives have “expressed their willingness to shoulder the glorious mission of the Belt and Road Initative.”

The Russians have ideas for power development in Syria, which could include nuclear power.


Webcast: To Prevent World War III, a Summit of the P5 Nations is Needed Now!

As the Democrats are showcasing at their convention their commitment to remain within the geopolitical geometry which is driving the world toward war, it is especially urgent that the summit of the Permanent 5 members of the U.N. Security Council proposed by Putin take place, as soon as possible. A New Paradigm committed to a “sweeping reform” of strategic relations and economic/financial policy is not only necessary, but possible.

In her weekly dialogue, Helga Zepp LaRouche honed in on Michelle Obama’s convention address to highlight the hypocrisy of the Democrats. When Obama criticized President Trump for a lack of “empathy”, she was conveniently ignoring her husband’s lecture to South African students, about how improving their living standards would cause the planet to “boil over”, or his participation in organizing drone attacks that targeted wedding parties, among non-empathetic activities of the former President. The instability caused by the endless wars and neoliberal economic policies can only be addressed by such a summit, as Lyndon LaRouche repeatedly urged, to implement a New Bretton Woods. Especially compelling was her analysis of the escalation of the effort to “contain” China, and the Senate Intelligence Committee report on Russiagate, which show that the war party intends to continue the dangerous policies which increase the danger of war. The upcoming conference of the Schiller Institute provides an opportunity for our viewers to participate in the mobilization to insure that such a summit can be convened, before the U.S. election.


Putin: “Russia Will Light Up Africa”

July 27, 2018 -Russian President Vladimir Putin, in addressing the BRICS Africa Outreach Session at the BRICS Summit today, said that the African continent “is in huge need of energy investments, and Russia could become one of its key partners…. I would especially like to note that Russia is planning to step up its assistance in development of national energy in African states.”

According to Putin, as reported in RT, Russia is planning oil and gas projects with Angola, Mozambique and Gabon. He said: “In the field of nuclear energy, where Russia is the technological leader, we offer African partners to build an industry from scratch. These projects are crucial for Africa since about 600 million people on the continent live without electricity.”

Putin added that Russian business was also interested in “working with African partners in a wide range of areas, including agriculture, healthcare, the development of mass communications, geology and subsoil use.”


AIIB Builds Its Lending Levels for Growth

Oct. 21 –The Asian Infrastructure Investment Bank (AIIB) has been building up its loans to fundamental infrastructure investment throughout Asia, during the past 20 weeks.On Sept. 28, the AIIB approved new loans totalling nearly $1 billion to finance projects in Egypt, India, and Turkey. The three loans include the AIIB’s first to the Egyptian government, which consists of a $300 million investment to improve rural sanitation services in the country, co-financed by the World Bank, the bank said on Oct. 19. The Beijing-based bank board of directors also approved a $455 million loan to improve all-weather rural roads in Andhra Pradesh in southeast India; and a loan of up to $200 million to the Industrial Development Bank of Turkey (TSKB) to finance energy projects.

In September, the AIIB said it was considering $541 million in loans for three propposed infrastructure and power projects in Bangladesh, according to BSS news agency. This includes the Mymensingh Kewatkhali Bridge project, which is part of the Dhaka-Mymensingh-India border corridor; the Sylhet to Tamabil Road Upgradation Project; and a power system upgrade and expansion project for the Chittagong region.

In June, the AIIB approved $1.2 billion in loans for infrastructure construction in India.
The AIIB has made about $5.8 billion in loans since its formation in December 2015. The World Bank has about $61 billion in loans outstanding. But the AIIB’s loans have no conditionalities, and are for real development. The AIIB’s development thrust, and buildup in the speed of its lending from a low level represents the direction of a transformation in the world.


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