Devex Newswire: What 100 contracts tell us about Chinese lending

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Aid to Syria is the latest victim of U.K. budget cuts. The U.S. government’s contribution also came up short, while Germany picked up the slack.

Foreign Secretary Dominic Raab announced Tuesday that the U.K. would provide at least $281 million to the Syria crisis this year, marking a 32% drop from what the country pledged a year ago.

Will Worley reports on the steep funding cuts at the Supporting the Future of Syria and the Region conference.

Sponsored by Catapult: Q&A: Wildlife, the web, and the SDGs

How does conservation intersect with development, and what role can technology play in bolstering both? WILDLABS’ Stephanie O’Donnell explains.

FINE PRINT

China’s competitors often describe its approach to global development as “debt-trap diplomacy,” a model that saddles countries with unsustainable debt in order to gain geostrategic leverage over critical infrastructure.

While that has been a useful narrative, particularly for U.S. officials eager to show they are offering a more transparent alternative, the real picture looks more complicated. At least that’s what emerges from an unprecedented analysis of 100 Chinese loan contracts that a team of researchers managed to get their hands on, as Adva Saldinger reports. Here’s what they found:

Read Adva’s report on “the first systematic analysis of the legal terms of China’s foreign lending.”

WEAKEST LINK

The COVID-19 pandemic has revealed gaps in global health security architecture. International Health Regulations, meant to hold countries accountable for reporting on public health events, are meaningless if countries opt not to implement them.

On Tuesday, dozens of government leaders, the president of the European Council, and World Health Organization head Tedros Adhanom Ghebreyesus voiced support for a new international treaty for pandemic preparedness and response. Some hope it would help put more diplomatic power behind global health obligations. Though the U.S. and China didn’t sign on to the call for the treaty, Tedros described their response as “positive.”

Their support comes as 14 countries issued a joint statement of concern about WHO’s new report on the origins of the coronavirus.

Devex Pro: An interactive on the leading health security donors 

CHANGE AGENTS

“We’re really trying to lean into shifting power to those who we fund.” — Don Gips, CEO at Skoll Foundation.

Catherine Cheney reports on the Skoll Foundation’s plan to connect “proximate grantmakers” with “decision-making frameworks.”

BAT KARMA

Bats are a likely culprit in the COVID-19 origin story — possibly passing the virus to another small mammal, which then spread it to humans. New research from the U.S. Geological Survey suggests it is unlikely that human researchers are at risk of giving the virus back to bats — at least during the North American winter.

IN THE NEWS

Three polio vaccination workers, all women, were shot dead by unidentified armed men in Afghanistan on Tuesday. [Reuters]

WTO chief Ngozi Okonjo-Iweala wants to convene various stakeholders in mid-April to address COVID-19 vaccine scarcity. [Reuters]

The Indian government has backtracked on its policy to "politely turn away" pro-democracy protesters fleeing the military crackdown in Myanmar. [BBC]

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