U.S. President Joe Biden arrives at this weekend's Group of 20 (G20) meeting in India with an offer for the 'Global South': whatever happens to China's economy, the United States can help fund your development.
creates a narrow opening for Washington to reshape the agenda of a political club it has struggled to corral.for the lender's climate and infrastructure aid in the developing world, which would free up hundreds of billions of dollars in new funding for grants and loans.
But those countries face serious challenges to reach their potential as climate change tests aged, often colonial-era infrastructure. Yet the credit has dried up in recent years and many countries are struggling to repay their debts as interest rates rise. Sullivan, in a briefing for reporters before Biden's trip, maintained that "World Bank reform is not about China, in no small part because China is a shareholder in the World Bank."
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