WASHINGTON (REUTERS) - US President Donald Trump on Friday (Dec 6) 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.
The World Bank on Thursday adopted a plan to aid China with US$1 billion (S$1.36 billion) to US$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 US$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.
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WNU Editor: This is just another example on how international institutions are not capable of adjusting to real world situations. Kudos to President Trump for pointing out the obvious.
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