Former British Prime Minister, David Cameron, has called for reforms at the World Bank and the International Monetary Fund (IMF) to counter Beijing’s influence.
He warned that the United Kingdom also risks losing out to communist China unless it steps up foreign aid assistance, Cameron wrote in The Sunday Telegraph on April 15.
“Through its Belt and Road Initiative, China is lending vast amounts for huge infrastructure projects. The appeal to borrowers is that these loans have fewer conditions attached than those of traditional Western institutions. But they are saddling countries with debts they can ill afford to repay,” he wrote….