It seems that this is an attempt to gain favor with Latin American countries as they move more towards China. I have a feeling this is going to go the usual way of American-led incompetence by giving the private sector too much control and having every project take forever to complete.
Also to note that the biggest America worshipping countries joined this little forum while pledging themselves to their lord.
The IMF already exists and it sucks, why do you think so many people signed up for the BRI Genocide Joe
also China doesn't just provide the money they provide the expertise, America doesn't know how to build for shit anymore