China goes global with development banks
In just over a decade, China has become a global leader in development finance. China has established a number of bilateral and multilateral funds across the world, in addition to two policy banks. China has also led efforts to establish new multilateral development banks that promise to provide significant financing capabilities into the regime as well.
Banking on Climate Finance for Latin America
Latin America and Caribbean negotiators arrived at the global climate talks in Paris with ambitious plans. But without international development financing, those ideas will amount to little.