NGThe World Bank has announced its intention to gradually reduce and eventually cease lending to China by 2031, as outlined in a new five-year Country Partnership Framework (CPF). This shift reflects China's evolving economic status, where it now requires less financial support and more technical assistance and knowledge-sharing. The World Bank emphasized collaboration on issues like economic growth, employment, social resilience, and climate action. China's Deputy Finance Minister stated that the country would continue engaging with the World Bank despite this change. Lending to China reached a peak of $2.42 billion in 2017 but dropped significantly to $750 million by 2025. Additionally, China remains a major contributor to the World Bank's IDA fund, supporting the world's poorest nations.
Bias read (Center): The article presents the World Bank's decision to phase out lending to China in a balanced manner, citing both the World Bank's statements and China's response. It includes historical data on lending amounts and mentions the geopolitical context involving former U.S. President Donald Trump's stance,
