World Bank Plans to End China Loans by 2031
The World Bank will gradually halt its loans to China by 2031, with lending decreasing from $2.4 billion in 2017 to $750 million in 2025. The total loans are expected to be limited to around $2 billion during this period. This comes as part of an update to the partnership with Beijing, emphasizing the provision of advisory support instead of direct financing. This move is part of international efforts to reduce dependence on China as a source of loans, especially given its position as the world's second-largest economy.
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