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The Inter-American Development Bank cancels its big bash in China

FAMOUS FOR its hotpot and pandas, Chengdu, in China’s inland Sichuan province, is not an obvious venue for a conference about Latin America. But it was looking forward to hosting this year’s meeting of the Inter-American Development Bank (IDB), which provides aid, advice and cheap loans to 26 developing countries in Latin America.The meeting was intended to mark ten years since China joined the bank in 2009, acquiring 0.004% of its shares. South Korea had similarly played host in 2005 to mark its tenth anniversary. At last year’s gathering in Argentina, the bank’s choice of Chengdu was celebrated by a Chinese dance troupe—and someone in a panda suit.
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