Donald Trump calls for World Bank to halt all China lending
Donald Trump has called for the World Bank to stop lending money to China, a day after the institution adopted a lending plan to Beijing despite Washington’s objections.
The World Bank on Thursday adopted a plan to aid China with $1bn to $1.5bn in low-interest loans annually until 2025. The plan called for lending to “gradually decline” from the previous five-year average of $1.8bn.
Trump tweeted on Friday night: “Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!”
The president was reiterating a position long held by his administration, including David Malpass when he was a treasury department official before his election as the current head of the World Bank.
#Bloomberg: Cyprus blocking #EU sanctions against Belarus208610.09.2020, 13:30
Apple Surges to $2 Trillion Market Value380719.08.2020, 20:25
Sumner Redstone Dies at 97; Built Media Empire and Long Reigned Over It535712.08.2020, 21:20
Insured losses from Beirut blast seen around $3 billion: sources491711.08.2020, 23:40
Finland to probe potential of cattle manure for energy production396810.08.2020, 00:05
Cryptocurrency travel platform Travala.com adds over 600,000 #Agoda hotels256104.08.2020, 15:10