Scott Morrison to reveal $3bn in Pacific funding to counter Chinese influence

China 0 Comment 0

Loans and grants for infrastructure plus export financing and security funding aim to hold out Chinese soft power offensive

Scott Morrison will unveil a $2bn infrastructure financing facility for the Pacific as part of new measures designed to project Australia as the region’s principal security and development partner at a time of rising Chinese influence.

Morrison will use a speech delivered at the Lavarack Barracks at Townsville on Thursday to flag the new program of loans and grants for infrastructure development in Pacific countries and Timor Leste, and the prime minister is also expected to commit an extra $1bn for Efic, Australia’s export financing agency.

Related: Victorian opposition will make Belt and Road deal with China public if elected

Continue reading…
Source: china
Link : Scott Morrison to reveal bn in Pacific funding to counter Chinese influence

Author

Leave a comment

Search

Back to Top