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World Bank president Ajay Banga recently spoke of the necessity to press private finance into service to sort out climate change and other critical goals. While those in asset administration might protest about shedding their funding freedoms, his logic is difficult to argue with. While the US, Europe and Western media have been distracted by Ukraine and Israel’s warfare in Gaza, China brought together leaders from the Global South to rejoice 10 years of the Belt and Road Initiative. This showcased Beijing’s dedication to constructing infrastructure in the name of peace and improvement.
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