2 chapters across the catalog
The COP 29 climate summit in Baku, Azerbaijan, ended in what the hosts describe as a "chaotic and confusing" failure. Developing countries expressed resentment over a $300 billion funding deal, calling it an "insult" and a "mirage." The hosts characterize the entire process as a money-laundering racket that will likely fall apart without U.S. participation under the next administration.
World Bank Loans to China, Supply Chain Diversification
World Bank President David Malpass suggests that diversifying global supply chains away from China is beneficial for the global economy. Despite being the world's second-largest economy, China continues to receive $1 to $1.5 billion in low-interest loans annually from the World Bank due to its "developing country" status, a designation the U.S. has challenged.
