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About IMF In mid-2015, China owed the World Bank $13 billion, but held $3.7 trillion in cash reserves. Why is that? Why a Multilateral Organization?

About IMF

In mid-2015, China owed the World Bank $13 billion, but held $3.7 trillion in cash reserves.

Why is that?

Why a Multilateral Organization?

The Role of Legitimacy

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