The U.S. and International Monetary Funding have for decades been the globe’s lenders of last resort, stepping in to provide emergency loans to countries in financial distress. But a new study published Tuesday shows how China has emerged as a new global heavyweight. China provided 128 rescue loans in 22 countries from 2008 to 2021, according to researchers from the U.S.-based research lab AidData, the World Bank, Harvard Kennedy School, and the Kiel Institute for the World Economy.
Topics: u.s international monetary funding u.s harvard kennedy school kiel institute economy xi jinping argentina mongolia zambia ghana sri lanka previously carmen reinhart ldquo;our christoph trebesch brad parks belt xi for read china s new silk road is challenge washington gdp but trojan china-led council foreign relations fudan university shanghai western malaysian prime minister najib razak uzbekistan kazakhstan turkmenistan mao ning u.s china aiddata world world bank road initiative china&rsquo pakistan imf ldquo;beijing beijing chinese resort global lender countries loans billion study rescue debt project political published criticism financial infrastructure lending study’s tuesday including corruption distress scandals contracts investments debts forced power rise banks authors rate typically projects scandal called overseas system
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