In 1996, when US led the Highly-Indebted Poor Countries Initiative, China trailed Costa Rica as a bilateral creditor. Today China

In 1996, when US led the Highly-Indebted Poor Countries Initiative, China trailed Costa Rica as a bilateral creditor. Today China is larger bilateral lender to distressed countries than all the others put together:$31bn v. US $370m. What is role for US?
bloomberg.com/opinion/articl… https://t.co/Orp5bBNDAQ

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