The ChinaDevelopment Bank is rapidly becoming an important player in internationaldevelopment finance, but it currently lacks the environmental and socialstandards that are expected of a world-class financial institution.
That is theconclusion of a report (and summary in Chinese) released in July 2012 byFriends of the Earth – United States and BankTrack, an international network ofcivil society organisations tracking the operations of the financial sector.The report, China Development Bank’s Overseas Investments,is the third report related to the Chinese banking sector that the twoorganizations have jointly published.
ChinaDevelopment Bank is now the world’s largest development bank by total assets(almost USD 1 trillion) and China’s biggest lender, financing cross-bordertransactions and investment in over 90 countries and regions. The reportdescribes the bank’s global footprint, and identifies the ways in which thebank raises and disburses financing.
Bank Track: New report details risks of China Development Bank`s increasing global footprint:
http://www.banktrack.org/show/news/new_report_details_risks_of_china_development_bank_s_increasing_global_footprint
Bank Track / Friends of the Earth: China Development Bank`s overseas investments
2012-07_Summary_Chinese.pdf
