This book provides insights into China's Belt and Road Initiative (BRI) from Asia Pacific and the Middle East. It offers critical perspectives from various directions, not excluding historical investigations, human geography approaches and neo-Marxist inclinations. China’s Belt and Road Initiative (BRI) represents one of the biggest geopolitical visions since the Cold War and offers the possibilities of an intercontinental vision of Aid politics, along with prospects for pan-Asianism. By and large, any geopolitical vision that purports to foster inter-regional dialogue and materialist development of peoples and economies is bound to have its flaws. The Belt and Road Initiative bears hallmarks of the socio-political tradition of Chinese authoritarian infrastructure politics while also offering a possible alternative to the so-called ‘Washington Consensus’ of free markets, deregulation and a shift towards liberal democracy. Additionally, the Belt and Road Initiative opens up wide open intellectual spaces for dialogues between Asians, Arabs and Westerners on the meaning of inclusive inter-continental relationships in philosophy, geography and economics. The significance of this is often underplayed in Chinese official statements whereas this book introduces these possibilities within its assorted sections. “The book is about much more than the material aspects of China’s Belt and Road Initiative. In fact, various chapter authors use the Belt and Road to look at perhaps the most fundamental issue of our times: how does one build a global world order and societies that are inclusive, cohesive and capable of managing interests of all stakeholders as well as political, cultural, ethnic and religious differences in ways that all are recognized without prejudice and/or discrimination?” —Prof. James Dorsey, S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD. Africa s infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main policy-relevant findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today. However, money alone is not the answer. Prudent policies, wise management, and sound maintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket. Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.

This evaluation focuses on the Asian Development Bank (ADB) interventions to stimulate energy efficiency investments in industry and buildings. Among the key findings is that energy pricing and market imperfections need to be addressed to promote energy efficiency investments. ADB and governments in developing member countries should support the removal of various barriers to energy efficiency investments in Asia and the Pacific.