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This is why a central financing capacity is important.
Wen said China wants to help Africa build its financing capacity and would provide the concessional loans with generous terms.
Without financing capacity, a global presence or big capital-markets businesses, they lack the firepower of bigger rivals.
"The Relation between Reporting Quality and Financing and Investment: Evidence from Shocks to Financing Capacity". Balakrishnan, Karthik, John E. Core, and Rodrigo Verdi.
He said if various conditions regarding Iraq's sovereignty and stability were met, his country "could then envisage cancellation of debts in line with Iraq's basic financing capacity".
Some $15 trillion of financing capacity has been taken out as banks have shrunk balance-sheets and the "shadow" network of non-bank credit has crumbled, he estimates.
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Double export finance capacity.
The export finance capacity for UK businesses has been doubled to £50bn to help firms.
"But this can only put the brakes on global recovery, global finance capacity and ability to respond to global liquidity problems".
To spur renewed private investment in regional infrastructure, President Trump recently signed the Build Act into law, which expands U.S. development finance capacity to $60 billion.
To go from responding to emergencies to rebuilding countries, the focus must shift to long-term finance, capacity building for national governments and the empowerment of local communities to meet their own needs.
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