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China's success in establishing the Asian Infrastructure Investment Bank has been regarded as a diplomatic fiasco for the United States.China's establishment of the AIIB is the latest sign of a move away from the view that aid to developing countries is best provided in the form of massive government-to-government transfers.Power Africa, for example, includes six U.S. government agencies: the Overseas Private Investment Corporation, the U.S. Export-Import Bank, the U.S. Trade and Development Corporation, the Millennium Challenge Corporation, and the U.S. African Development Foundation.Over the longer term, the new U.S. model of development is far more resilient and sustainable than the old government-to-government model. Only societies with thriving sectors free of government control can participate in these broad coalitions of public, private and civic actors. Overall, the AIIB is a positive development.
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