Whereas, as of October 2023, the People’s Republic of China is the main trading partner for South America, including Brazil, Chile, Peru, and Uruguay, and the second largest trading partner for Central America; Whereas 21 countries in Latin America have joined the Belt and Road Initiative, 4 countries in Latin America have free trade agreements in place with the People’s Republic of China, and 7 countries in Latin America have comprehensive strategic partnership agreements with the People’s Republic of China; Whereas the People’s Republic of China has worked to expand the use cases of the digital yuan for the Belt and Road Initiative, even using the digital yuan to settle cross-border transactions; Whereas trade between Latin America and the People’s Republic of China has grown by more than $300,000,000,000 annually since 2000; Whereas the People’s Republic of China is a voting member of the Inter-American Development Bank and the Caribbean Development Bank and provides loans to Latin America through the China Development Bank and the Export-Import Bank of China, including to Venezuela, which has approximately $60,000,000,000 worth of Chinese state loans as of October 2023; Whereas the People’s Republic of China has invested in or bid on numerous infrastructure projects in Latin America, including around the Panama Canal, such as deep-water ports, telecommunications projects, and cyber networks; Whereas investments offered to countries in Latin America by the People’s Republic of China often require countries to renegotiate the terms of their debt and have low or nonexistent labor and environmental standards; Whereas the People’s Republic of China’s refusal to disclose its lending to foreign countries and reluctance to engage in significant debt restructuring is undermining the missions of the International Monetary Fund and the World Bank related to global economic development and stability