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What the U.S. Needs to Do to Better Compete With China in Development Finance

Lê Thị Thu Thủy, global CEO of the Vietnamese automaker VinFast, at a loan signing ceremony in Dubai with Scott Nathan, head of the U.S. government's International Development Finance Corporation. Image via @DFCgov.

There’s a growing sense of anxiety in Washington over what the U.S. can do to better compete with China to finance infrastructure in developing countries around the world.

For much of the past three years, the Biden administration has made the issue a priority with the launch of initiatives like Build Back Better World and its successor, Partnership for Global Infrastructure Investment (PGII).

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