Cpec exemplifies de-link between investment and development: us

feature-image

Play all audios:

Loading...

Energy, coal, electricity production plants can be built, but if distribution is not simultaneously reformed, you're producing for a system that can't carry the load and the


government is still committed as a sovereign guarantee to pay for the cost of energy that can't be accessed by consumers, Acting Assistant Secretary of State for South and Central Asia


Alice Wells said. She made the remarks while responding to a question Thursday during her appearance at the Wilson Center think-tank. Because if you don't have the right policy


framework, if you haven't undertaken the necessary reforms, there are consequences to some of the development decisions, she said. According to Wells, there's been a tendency to


conflate CPEC with grant assistance rather than understanding it to be the loans, and loans not at concessional rates, that it is. Wells said the Indo-Pacific region alone requires 27


trillion in infrastructure investments by the year 2030.