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Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies

5 Min Read
SYDNEY/WELLINGTON (Reuters) - Pacific island nations are turning to the China-backed AIIB development bank to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional western partners, stoking fears the region is becoming more dependent on Beijing.
FILE PHOTO: The sign of Asian Infrastructure Investment Bank (AIIB) is pictured at its headquarters in Beijing, China July 27, 2020. REUTERS/Tingshu Wang/File Photo
The Cook Islands, a tiny country of around 20,000 people in the South Pacific, turned to the Asian Infrastructure Investment Bank (AIIB) late last year after a loan from the Asian Development Bank (ADB) and a grant from close ally New Zealand fell short, two sources with knowledge of the talks said. ....

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太平洋島しょ国、コロナ対応で中国主導のＡＩＩＢに依存

太平洋島しょ国、コロナ対応で中国主導のＡＩＩＢに依存
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Cook Islands adopting NZ's contact-tracing system ahead of reciprocal travel bubble

Starting today, residents of the Pacific nation can travel to New Zealand without quarantining. ....

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