The net effect of these new bodies has been to create parallel forums more favorable to the interests of autocrats. That may be OK for Venezuela and others, but why are Brazil and other countries going along? And where are the media?
In 2015 China’s two development banks provided upwards of $29 billion in loans to Latin American governments with the promise of more to come. The problem is the region has no mechanism to constructively engage China to help direct and manage these funds. Here’s an idea.