Bass says that a current bill would curb World Bank funding to China by graduating the country from a program designed to help middle- and low-income countries.
He explained in an interview that U.S. Republican Anthony Gonzalez's bill would curb World Bank funding to China by graduating the country from its International Bank for Reconstruction and Development program, designed to offer financial aid to "middle-income and creditworthy low-income countries."
Bass, who founded Hayman Capital in 2005, rose to prominence on Wall Street a decade ago for his prescient bets against assets tied to the U.S. housing market.
GusFuentes_ 'Kyle Bass...'
...according to this, China contributes 3% of the World Bank's annual funding.
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