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U S soft power agency CEO: China s New Silk Road is the WeWork of development finance

U.S. soft power agency CEO: China’s New Silk Road is the WeWork of development finance Aarthi Swaminathan Amid reports that China is slowing down its investments in a trillion-dollar project called the Belt and Road Initiative (BRI), one U.S. aid agency says it’s still going full steam ahead. The BRI, or the New Silk Road, is a colossal undertaking by the Chinese government, announced in 2013, to build networks infrastructure, maritime, digital, and more across the world. © Provided by Yahoo! Finance (Source: CSIS, Graphic: David Foster) The fact that China is scaling back on its investments abroad “doesn’t surprise me,” Adam Boehler, CEO of the U.S. International Development Finance Corporation (DFC), which was created to counter that influence, told Yahoo Finance. “I think of it almost like they’re the WeWork of development finance you cannot extend a trillion dollars of credit with no sustainable deals.”

Investegate |Anglo Pacific Group Announcements | Anglo Pacific Group: US$2m share subscription into Brazilian Nickel

About the Company Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company s strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.   Cautionary statement on forward-looking statements and related information Certain statements in this announcement, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the Group s expectations and views of future events. Forward-looking statements (which include the phrase forward-looking information within the meaning of Canadian securities legislation) are provided for the purposes of assisting readers in understanding the Group s financial positi

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