Japan calls on Asian Development Bank to reduce loans to China

Business May 4, 2019

Japan calls on Asian Development Bank to reduce loans to China

Finance Minister Taro Aso called on the Asian Development Bank on Saturday to scale back easy money to countries like China that have developed to the point of no longer needing financial aid. "ADB should hold substantive discussions on a concrete path toward graduation while ...

U.S. wants World Bank to give more support to poorest nations

Business Apr 15, 2019

U.S. wants World Bank to give more support to poorest nations

The World Bank, a major source of development lending, needs to make more progress in shifting its loans away from fast-growing economies such as China and devoting more support to the world's poorest nations, Treasury Secretary Steven Mnuchin said Saturday. The Trump administration was encouraged ...