At G20, Trump Administration To Encourage Creation Of Global Standards For Transparent, Sustainable Development Financing
Devex: Exclusive: In rebuke to China, Trump seeks G20 endorsement of ‘sustainable’ finance
“As the United States prepares to launch a scaled-up development finance institution, it is pursuing a parallel political effort to push back against what it considers unsustainable and irresponsible lending by China to developing countries. As a starting point, the administration of President Donald Trump will encourage leaders at the November G20 summit in Buenos Aires, Argentina, to articulate a common set of global standards for infrastructure lending and investments. Their aim is to push for a high-level political recognition that development financing should be transparent and sustainable, according to a senior White House official who was not authorized to speak on the record…” (Igoe, 10/5).