SITUATION REPORT

Asia-Pacific: U.S. Rolls Out Infrastructure Certification Scheme

1 MIN READNov 5, 2019 | 15:11 GMT

The United States has unveiled a certification scheme to support financially sustainable infrastructure development in Asia to rival China's Belt and Road Initiative, the Financial Times reported Nov. 4....

What Happened: The United States has unveiled a certification scheme to support financially sustainable infrastructure development in Asia to rival China's Belt and Road Initiative, the Financial Times reported Nov. 4. The so-called "Blue Dot Network" will assess and rate infrastructure projects to help countries avoid unclear or harmful financing terms — a widespread criticism of Beijing's BRI.

Why It Matters: The U.S.-led initiative could align different Japanese, Australian and EU schemes to more effectively counter Chinese investments in Asia under the BRI.

Background: Various participating countries and Western nations have accused China of turning the BRI into a "debt trap" and setting unfair financing conditions to ensnare countries in long-term loan arrangements.

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