The World Bank has announced plans to phase out its lending to China by 2031, as the country has become the world’s second-largest economy. This decision was made as part of the World Bank’s five-year “country partnership framework” with China.
Background
The World Bank’s lending to China has been declining over the years, from $2.4 billion in 2017 to $750 million in 2025. The U.S. and other countries have long pushed for the World Bank to stop lending to China, given its economic power.
A U.S. Treasury spokesperson called the move “a step in the right direction” and said Washington looks forward to other institutions following suit. The Chinese embassy in Washington did not immediately respond to a request for comment.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
