Bessent Calls on World Bank to Stop Financial Support for China
The statement urges the international lender to reconsider its funding policies regarding China.
Fact Check
The statement is strongly supported by multiple credible sources. One source directly reports that Treasury Secretary Bessent's 'interventions' during World Bank meetings concerned an 'end to lending to China' (Source 3). This is directly corroborated by evidence that he urged the Asian Development Bank, a similar institution, to take 'concrete steps towards ending loans to China' (Source 8). His widespread criticism of both the World Bank and China's role in the global financial system across numerous reports provides further context for this specific call to action.
Summary
No Summary provided as the original text is short
Terms & Concepts
- World Bank: An international financial institution that provides loans and grants to the governments of poorer countries for development projects.
- Financial Support: Monetary assistance provided by institutions or entities to aid economic development or specific projects.
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