Summary
The prospect of a wave of "America First" protectionism and US tax reform in the US has loomed large over this week's annual meeting of the International Monetary Fund and World Bank. Yet across dozens of public events a Trump administration that has been advertising its disregard for multilateral institutions has been largely absent.Filling in is a China eager to assume the US's place as the new advocate for economic openness and international co-operation in the world.
The US also remains the largest shareholder of both.
Through Ms Trump, Jim Yong Kim, the World Bank president, has sought to build alliances in an otherwise hostile administration and to secure US backing for a capital increase he argues the bank needs.
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