President Trump slams World Bank for lending money to wealthy China

President Trump slams World Bank for lending money to wealthy China

- US President Donald Trump slammed the World Bank for lending money to China

- The politician shared a rant over the development on social media

- Trump objects to the International financial institution offering a helping hand to the country

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Donald Trump has condemned the World Bank for lending money to wealthy China, with the US President making his stance abundantly clear.

Taking to social media the controversial politician engaged in a furious rant, commenting that:

"Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don't, they create it. STOP!"

Trump's administration has long maintained this position when it comes to dishing out funding to the nation, currently one of the most prominent powers globally.

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Trump's treasury secretary Steven Mnuchin shares similar views, recently telling the House of Representatives committee that the US has 'objected' to a long term plan for loans and projects in China.

Despite the outcry, the multi-year program was adopted, with plans to reduce the lending afforded to the country, Briefly.co.za gathered.

US President Donald Trump lashed out at the World Bank on Friday, blaming the international financial institution for lending money to China.

SowetanLIVE reports that World Bank Country Director Martin Raiser defended the decision, adamant that engagement will be 'increasingly selective'.

The reduction seems insufficient for the American politicians, who argued that the world's second-largest economy can financially support itself and leave the World Bank to finance poor countries.

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Source: Briefly.co.za

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