Chinese Communist Party has taken over the World Bank. December 5th, the WB is attempting to push through the Chinese Country Partnership Franework (CPF). Despite China no longer qualifying for loans due to GNI/Capita being 50% higher than threshold, China is insisting on...1/3
Forcing the WB to loan them up to $1.5 billion USD each year with no end in sight. WHY ON EARTH would the WB lend to China? They have quantum satellites, most new Ferrari sales, the largest military in the world, and are the mortal enemy of the United States. They are demanding 2
IFC lend to them up to $1 billion per year with no end in sight..while the WB is supposed to be an institution that supports poor and aggrieved populations, I can’t seem to find support for the Falun Gong or the millions of ethnic Uighurs in Xinjiang in the WB Loan’s. In fact 3
There is a $100MM loan on the WB’s balance sheet directly to Xinjiang for “education” facilities. THE WORLD BANK HAS HELPED BUILD THE CONCENTRATION CAMPS and not mandating support for the vulnerable population of China. Where did the WB lose its moral compass?
Congressman @RepAGonzalez is having a hearing this week to begin to hold the World Bank to its own rules of “graduation” when a country’s GNI/cap exceeds $6,900 they should no longer be a borrower. China’s GNI/cap is now over $10,000. NO MORE BORROWING OUR MONEY FOR MALIGN INTENT
