World Bank and China to Cooperate in Africa?

A Financial Times story on December 18 reported that the World Bank and China have agreed to undertake joint development projects in Africa. Robert Zoellick met with the Chairman of China’s Export-Import Bank during a recent visit. It remains unclear, however, whether the leaders of the two banks will succeed in moving from vague statements of their desire to cooperate to true cooperation in development lending. Zoellick’s comments were also covered in an article by the Associated Press — China Sees Rising World Bank Influence.