World Bank to End Loans to China by 2031

The World Bank plans to phase out all loans to China by 2031, shifting to advisory expertise as the country's development needs change.

• A source told AFP that the World Bank will set a loan cap of $2 billion and gradually reduce it to zero over five years.
• The new partnership framework will be presented to the World Bank's board in the coming days and does not require a vote.
• A World Bank official said China has made significant development progress and the institution will now provide consulting services instead of loans.
• The World Bank also plans to stop lending to Poland by 2031 under a similar transition.