Sunday 20 January 2019
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allafrica - 10 days ago

Africa: A Closer Look At the World Bank s Sizable China Portfolio

[IPS] Washington DC -China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank s top borrowers--despite being the world s second-largest economy and itself a major global lender, according to our study released today. By doing a project-level analysis of recent World Bank loans to China, we found that the World Bank s International Bank for Reconstruction and Development (IBRD)--which offers loans to middle-income and credit-worthy lower-income countries--has loaned more than $7.8

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