World Bank to reduce lending to China

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 10%
  • Publisher: 63%

The World Bank said Saturday it’s lending to China has fallen sharply and will continue to be pared back, after US President Donald Trump demanded it stops altogether.

Nigeria Headlines News

Nigeria Latest News, Nigeria Headlines

“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 wrote on Twitter Friday.

“World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States.Trump was reiterating a position long held by his administration, including Malpass prior to his election as the current head of the World Bank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh so China borrows money, and they will come to Africa and be dashing loans upadan, turning Africa countries to debtors.

Because Trump said it?

World bank......World bank. Please where are they getting their money or which business are they doing that they have so much to lend nations? Sovereign nations fa.

I think there’s a mistake it should be Nigeria not China bcos they can pay off but Nigeria!! Will keep pilling up debts. Nigeria na eji ugwò too much

I wish they could do this to Nigeria

Oh really?

Who will now borrow Nigeria money?

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World Bank Now Reducing Lending To China After Trump OutburstWorld Bank Now Reducing Lending To China After Trump Outburst China borrowing from World Bank, Nigeria borrowing from China
Source: channelstv - 🏆 7. / 63 Read more »

Diaspora Nigerians Protest At World Bank; Petition FBI Over Bribery Allegations | Sahara ReportersSpeaking on behalf of the coalition, Frederick Odorige said that since writing off Nigeria's $18bn debt by the Paris Club in 2005, the government had continued to borrow at the detriment of Nigerians with very little or nothing on ground to show for it. WorldBank FBI How much are they bn paid to do the protest? WorldBank FBI Borrow-borrow rulers. WorldBank FBI That's a good one. Follow it up to the end. He just submitted to the senate for approval another loan to the tune of 29. Something billion.
Source: SaharaReporters - 🏆 9. / 63 Read more »

Niger: FG, World Bank light up Rokota community today | The Guardian Nigeria News - Nigeria and World NewsThe project being commissioned today in NIger State is the first to be implemented under the World Bank-supported Nigeria Electrification Project, and it will provide electricity to 3,000 people in the community. WorldBank Nigeria
Source: GuardianNigeria - 🏆 1. / 94 Read more »

EFCC nabs fake bank operator, Amina Kabo - Daily Post NigeriaThe Economic and Financial Crime Commission, EFCC, Sokoto Zonal office has arrested one Amina Kabo (a.k.a Firdausi Kabo), a manager at Olive Micro Finance
Source: DailyPostNGR - 🏆 11. / 59 Read more »

There is nothing British in The British Museum | The Guardian Nigeria News - Nigeria and World News“By continuing to imprison these artworks, these countries are depriving the young of the colonised countries from being inspired by the greatest creative endeavours of their ancestors..” Nigeria Britain Arts BritishMuseum
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Favourite leisure destination for select world leaders – Daily TrustDaniel Adugbo Like everyone else, our leaders need vacations too. And while they spend time travelling on state or diplomatic visits, nothing beats a private holiday alone or with family, away from the spotlight.ADVERTISEMENT Amid constant talks about President Muhammadu Buhari’s frequent travels to the UK, Daily Trust Saturday takes a look at some world … They've always been on vacation! The only time they 'work' is when they rig elections and reelections. How much did get paid for this lazy hit job anyway?
Source: Daily Trust - 🏆 13. / 51 Read more »