US backs out of Latin American development fund in sign of policy shift
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Asuncion, Paraguay
THE US, historically a major backer of multilateral lending institutions, will not renew its contribution to an Inter-American Development Bank (IDB) fund that supports pilot development projects, the head of the Washington-based organisation said on Sunday.
In a news conference at the IDB's annual board of governors meeting in Paraguay's capital, Asuncion, President Luis Alberto Moreno linked the US decision to a policy shift since Republican President Donald Trump took office in January.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
