From 9-12 November 2020, 450 finance institutions from around the world will gather for the first international meeting of public development banks, dubbed the “Finance in Common” summit, hosted by the French government. The institutions, which range from the World Bank to the China Development Bank, collectively spend $2 trillion a year on so-called development projects – roads, power plants, agribusiness plantations and more. Much of this spending is financed by the public – us – which is why they called themselves "public development banks". But our partners on the ground and our experience teach us they are not public and what they fund is not development.

(From the article)