Your Wednesday Briefing: China’s Billions in Bailouts

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For decades, the International Monetary Fund and the United States were the world’s lenders of last resort. Now China is stepping in to provide more emergency loans to countries, including Turkey, Argentina and Sri Lanka.

While China still lags the I.M.F. in terms of cash disbursed, it is catching up fast. In 2021, emergency financing provided by Beijing totaled…


Written by bourbiza

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