Geopolitical discussions over developing states

Over the past decade China has doled out hundreds of billions of dollars in loans for much-needed infrastructure projects as part of its Belt and Road initiative, which has come under criticism for saddling many nations with heavy debts. The United States and its allies have recently tried to counter China’s growing influence with their own pledges of money for development and climate aid. Top-level talks between China, Russia and the U.S. are out of the question next week as President Joe Biden will be the only leader to attend from the permanent five veto-wielding U.N. Security Council members. World leaders meet at the United Nations next week in the shadow of geopolitical tensions – largely fueled by the war in Ukraine as Russia and China vie with the United States and Europe to win over developing countries. Are the big powers using developing nations to develop their won countries leaving poor countries poorer ?