World finance ministers will next month descend on Washington for the spring meetings of the International Monetary Fund and the World Bank. For the first time since they were founded, it is not clear that some ministers will be welcomed.
This month, Donald Trump, US president, submitted a budget that cut World Bank contributions by $650m and reduced US participation in the IMF.
As the US scales back its participation on the global stage, China has been scaling up. Ever since the financial crisis, Chinese institutions have been providing lifelines to foreign countries and billions of dollars in development finance.
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