Foreign Media: World Bank to Terminate Lending to China by 2031
The World Bank plans to gradually cease providing loans to China before 2031. The World Bank Board will review the matter during the week of July 20, without requiring a formal vote.
Under this plan, the upper limit for World Bank lending to China before 2031 is approximately $2 billion, after which all lending will be completely terminated. In fact, World Bank lending to China has been on a long-term downward trend, declining from about $2.4 billion annually in 2017 to $750 million in 2025. China exited the eligibility for loans from the International Development Association (IDA), which serves the poorest countries, as early as 2000 and transitioned into a donor country in 2007, becoming the fifth-largest contributor to the institution today.
A spokesperson for the U.S. Department of the Treasury said this move "represents a step in the right direction," adding that as the world's second-largest economy, China should no longer continue receiving concessional loans from multilateral institutions, while also urging other institutions such as the Asian Development Bank and the International Fund for Agricultural Development to follow suit.
The World Bank stated that this decision aims to reflect China’s significant development achievements over several decades, marking a new phase in bilateral relations.
The World Bank has already made a similar arrangement with Poland this month, which will also terminate such loans after 2031.
Original article: toutiao.com/article/1869480627489984/
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