They Should Not Be Called Public Development Banks
From 9-12 November 2020, 450 finance institutions from around the world will gather(link is external) for the first international meeting of public development banks, dubbed the “Finance in Common” summit, hosted by the French government. The institutions, which range from the World Bank to the China Development Bank, collectively spend $2 trillion a year on so-called development projects — roads, power plants, agribusiness plantations and more.