Devex: World Bank annual meetings face politics, global debt, and climate disasters
“The International Monetary Fund and World Bank Annual Meetings are now underway in Bali, against a backdrop of stark climate change warnings, economic uncertainty, and geopolitical rivalry. … The United States, the bank’s largest shareholder, has seized on the debt burden facing developing countries to point the finger at one of its greatest economic rivals, China. Through its unbridled lending, China has lured developing countries into unsustainable financing arrangements, the administration of President Donald Trump alleges…” (Igoe/Edwards, 10/8).