Trump calls for World Bank to stop loaning to China

Trump calls for World Bank to stop loaning to China
  • Clock-gray 06:09
  • calendar-gray 07 December 2019

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections, APA reports quoting Reuters. 

The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion. 

“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!” Trump wrote in a post on Twitter. 

Spokespeople for the White House and the World Bank did not immediately respond to requests for comment.

apa-logo-mini

Other news