Enter the dragon

Families in the pacific region suffer the effects of severe storms - Photo: Visenia NavelinikoroA joint report between the Jubilee Australia Research Centre, Caritas Australia and the University of New South Wales titled, Enter the Dragon – Australia, China and the New Pacific Development Agenda was released on March 29, 2019.

"This report is written as a response to the proposed Australian Infrastructure Investment Fund for the Pacific (AIFFP), a $2 billion facility that intends to combine $500 million of aid grants with $1.5 million of loans.” “Australia is still the largest aid donor in the Pacific region.” “Since 2011, China has substantially increased its aid and investment in the region, including significant amounts of aid to Fiji and to PNG.” “The growing severity of storms, floods, and rising waters due to climate change is an additional factor that is further contributing to sovereign debt distress in the Pacific, and it can reasonably be expected that this trend will continue.” (Executive summary)

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