Senators introduce bill to increase transparency of China in American development bank ...Middle East

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Senators introduce bill to increase transparency of China in American development bank
A group of bipartisan senators introduced legislation Tuesday to require the U.S. Treasury to increase transparency on China’s activity at the Inter-American Development Bank (IDB). In the press release, the senators described the IDB as “the most important development institution in the Western Hemisphere” and criticized the institution for awarding a disproportionate number of contracts to the People’s Republic of China (PRC), when it owns less than 0.1 percent of the shares at the IDB.  “Since joining the IDB in 2009, the PRC has consistently used its participation at the bank to advance its national interests and influence in Latin America and the Caribbean,” the press release r

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