US, Japan, Australia tout support of infrastructure projects as ‘transparent’ alternative to China’s ‘coercive debt financing’

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Officials from the US, Japan and Australia touted their joint efforts to support infrastructure projects in developing countries around the world as a transparent and non-predatory substitute to Chinese-funded projects, during a virtual think tank panel discussion on Thursday.

“One alternative provides state-run, not very transparent, often coercive debt financing,” said David Marchick, chief operating officer at the US International Development Finance Corporation (DFC), referring to Beijing but not mentioning it by name. “And another provides transparent, private sector-driven, un-opaque, project-based sustainable financing.”