Justin Yifu Lin and Yan Wang

JUSTIN YIFU LIN, A FORMER CHIEF ECONOMIST AND SENIOR VICE PRESIDENT OF THE WORLD BANK, IS HONORARY DEAN OF THE NATIONAL SCHOOL OF DEVELOPMENT AND DIRECTOR OF THE INSTITUTE OF NEW STRUCTURAL ECONOMICS AT PEKING UNIVERSITY; YAN WANG IS A SENIOR ACADEMIC RESEARCHER AT THE BOSTON UNIVERSITY GLOBAL DEVELOPMENT POLICY CENTER

Renminbi-denominated borrowing costs have, in many cases, fallen meaningfully below equivalent US dollar-denominated rates.

Development finance needs more than one currency

2026-10-13T02:00:00.000Z