With eye toward countering Chinese Belt and Road, Biden administration lays groundwork for infrastructure program in Latin America

More than seven years after President of China Xi Jinping first announced the Belt and Road—the People’s Republic’s signature twenty-first century foreign policy agenda—the administration of U.S. President Joe Biden announced this week that the White House would send a delegation of officials to Latin America to scout opportunities for possible infrastructure development projects to counter those of China.

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Guyana and the next economic wave

Guyana’s economy is projected to grow by 26 percent in 2020, but the country will need more than just money alone to affect much needed changes in governance frameworks, inhuman capital, and transparency.

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Guyana: “Oil don’t spoil,” but …

Guyana’s recent oil windfall has been well-documented, but successfully harnessing the opportunity it brings will require a combination of transparency, institutional management, and infrastructure changes.

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Bridges to nowhere: Corruption in the BRICS

Brazil, Russia, India, and China (the BRICs) were first grouped together in 2001 as the countries most likely to produce rapid economic growth (South Africa joined in 2010). Today another phenomenon binds the BRICS together: corruption scandals that have hit state-funded infrastructure companies and the projects they’ve overseen.

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The World Bank’s second chance in South America

The World Bank annual meeting in Lima, Peru this weeks offers a unique opportunity. While China’s massive investments in infrastructure are much-needed, they come with huge risks. The World Bank can reduce those by working with these new efforts—with all their capital—to apply the Bank’s experience in protecting the environment and local communities.

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