Washington has recently announced that they plan to spend a billion dollars-and more-to aid developing nations finish projects and develop their respective countries. China is also involved in the same business. However, these are not the only nations looking forward to doing so.
South China Morning Post reveals that the US-a traditional development partner to most countries in the world-and China-aiming to become one through the "Belt and Road Initiative"-are leading the way, but there are others. Japan is in it. The nation has always been on the lookout for developing nations that are in need of funding for infrastructure and government projects. To date, Tokyo has spent about $230 billion in aid. It's more than Beijing has spent, but to be fair, Japan has been funding aid far longer than Beijing has.
China, for its part, has some "pet" countries which it always sends aid to. Recently, the African nations-part of the "Belt and Road Initiative" China seeks to complete-is a big recipient of this aid. There is a total of 704 ongoing and completed projects on the continent. Angola and Ethiopia has, so far, been the biggest recipients of the foreign aid. China has spent $32 billion on this continent from 2004 to 2014, CNN reports.
There's even more here. To date, 140 countries have been recipients of China's aid which amounted to about $354 billion. The projects completed in these countries have totaled to about 4,300 projects, and there's a reason why China is doing it.
The US, in contrast, has only spent $394 billion in the period that China had been active. From 2000 to 2014, China has actually spent more on aid than the US did.
There are other countries that love to help. Australia is starting to send aid. Russia, for its part, is also beginning to become active. Since the collapse of the Soviet Union, Russia has only begun jumpstarting their aid in 2007. While it still has a lot to catch up on, more countries willing to help developing nations only mean good for the people living in these recipient nations.
