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International Bank halts China loans to 2031
The World Bank announced that it will cease providing loans to China starting in 2031, gradually reducing its commitments until then. This includes setting a maximum loan cap of one billion dollars before phasing it out completely. The bank will continue offering assistance to Beijing in an advisory capacity rather than through loans, as part of a new relationship that reflects China's significant progress over recent decades. Additionally, the bank plans to stop granting loans to China via the International Development Association beginning at the turn of the millennium, and its loans to Poland will also cease by 2031.
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