Your host Emily Hersh of the Minerals Manhattan Project is joined by Cassandra Garrison, Argentina Correspondent for Reuters, to break down just exactly how the United States is planning to counter China's role as the investment bank for mining and infrastructure projects in Latin America.
Cassandra has recently published a series of articles focusing on the controversial nomination of hardliner Mauricio Claver-Carone to head the Inter American Development Bank, a role that has traditionally been filled by someone from Latin America.
Cassandra explains why Claver-Carone is controversial, and why the IADB (or BID by it's Spanish acronym) matters in the region despite limited lending capacity of roughly US $ 12 billion.
Cassandra puts the Claver-Carone controversy into context with the other US initiatives to bring supply chains closer to home, including a newly empowered Development Finance Corporation (DFC), the America Crece initiative, and others.
Cassandra breaks down the scope of China's investment in Latin America, and gives us an idea of what would be necessary from the United States to stack up to the famous Belt-and-Road initiative bankrolling infrastructure and mining projects in America's backyard.