Nicaragua cancels plans for a China-backed Atlantic-to-Pacific canal - The Globalist 3329 - Radio | Monocle

The Globalist

Israeli strikes near Rafah and a setback for China’s expansion in central America

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10 May 2024

Episode 3329

58 minutes

Israeli build-up continues outside Rafah despite US warnings that it will withhold weapons if a major invasion is launched. Then: disappointment for China as Nicaragua cancels a controversial canal linking the Atlantic and Pacific and Malaysia’s plan to offer orangutans to the biggest importers of its palm oil. Plus: we’re in Malmö, Sweden, with the latest from Eurovision.

10 May 2024

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Chapter 1

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Chapter 1

Nicaragua cancels plans for a China-backed Atlantic-to-Pacific canal

Cover art for The Globalist

In a major setback for China, which seeks to expand its footprint in Latin America, Nicaragua has ditched its plan to build a canal linking the Atlantic to the Pacific. The news comes nearly 10 years after the project broke ground. Since the era of Spanish rule, there have been more than 70 proposals to construct such a route, with blueprints drawn up by UK, US and French engineers but ultimately abandoned. We discuss what the latest cancellation means and what happens next.

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Nicaragua cancels plans for a China-backed Atlantic-to-Pacific canal

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