Sentences with phrase «multilateral institutions set»

The United States, especially under President George W. Bush's administration, frequently has chosen to ignore, disparage or abandon multilateral institutions set up to solve problems that affect the world community.

Not exact matches

And rather, they threaten to undermine America's closest alliances, sabotage the prospects for a joint effective response to China's rise, and deliver a serious blow to the already fraying set of multilateral institutions that underpin global economic order.

China has begun to build a parallel set of financial institutions, including the Asian Infrastructure Investment Bank (AIIB); the Asian Bond Fund Initiative; the New Development Bank (formerly the BRICS Bank); and the Chiang Mai Initiative, which is an Asian regional multilateral arrangement to swap currencies.

And if the rules for what counts as climate finance are not quickly set right, the new Green Climate Fund, the world's premier multilateral climate institution, could also end up supporting climate polluting projects masquerading as climate finance.