Time for fresh look at China’s unique global donor-borrower role: report

//Time for fresh look at China’s unique global donor-borrower role: report

Time for fresh look at China’s unique global donor-borrower role: report

While bringing ample benefits, China’s growing contributions and influence in global organisations like the World Bank and the United Nations should be reconsidered, a new report on China’s international engagement has concluded.The country is now second in terms of voting power in multilateral development banks, behind only the United States. This is mostly due to the growth in China’s contributions. Between 2010 and 2020, the country’s total subscribed capital to the system grew to US$67…

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By | 2021-11-20T05:12:59+00:00 November 20th, 2021|World|Comments Off on Time for fresh look at China’s unique global donor-borrower role: report