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I have a hard time believing any country which requires an international bailout will get more favourable terms from the New Development Bank than the IMF, as i

I have a hard time believing any country which requires an international bailout will get more favourable terms from the New Development Bank than the IMF, as if they did, they could just convert the yuan into dollars and be better off at China's expense. What am I missing?

bartvk 4y ago
Fascinating. If I read the Wikipedia article, initial capital is paid in dollars. However all the bonds they issued are RMB-denominated. I wonder who the buyers are. https://en.wikipedia.org/wiki/New_Development_Bank https://en.wikipedia.org/wiki/New_Development_Bank