👉 China's International Development Cooperation Agency (ICDA), often referred to as China International Development Cooperation Corporation (CIDCC) or simply the China International Development Bank (CIDB), is a key institution in China's foreign policy, focusing on providing financial and technical assistance to developing countries. Established in 2013, ICDA aims to support infrastructure projects, economic development, and poverty reduction in recipient nations, often through loans and grants. Unlike traditional Western aid, China's approach emphasizes non-interference and mutual benefit, aligning with its broader Belt and Road Initiative (BRI). This model has allowed China to expand its influence in regions like Africa, Southeast Asia, and Latin America, fostering economic ties while promoting its own economic interests and soft power.
