Ary News

By -
Donald Trump Loan World Bank

WASHINGTON: US President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.

The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“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 in a post on Twitter.

Spokespeople for the White House and the World Bank did not immediately respond to requests for comment.

The World Bank loaned China $1.3 billion in the fiscal 2019 year, which ended on June 30, a decrease from around $2.4 billion in fiscal 2017.

But the fall in the World Bank’s loans to China is not swift enough for the Trump administration, which has argued that Beijing is too wealthy for international aid.

The post Donald Trump calls for World Bank to stop loaning to China appeared first on ARY NEWS.



from ARY NEWS https://ift.tt/36cHH1e
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Ary News

By -
Image
MUZAFFARGARH: A security guard in Muzaffargarh committed suicide by shooting himself in head reportedly after he was denied days off, ARY News has learnt. The incident took place last week on April 5 in Qasba Gujrat area of Muzaffargarh, and the CCTV footage acquired from the oil company where the deceased security guard was deployed has brought the matter to light. As per details, Shaukat handed over his mobile phone and some cash to his colleagues sitting inside the office. He then came out and shot himself with his official gun, bringing an end to his life. The disturbing footage shows Shaukat walking out of the office and then a snippet from another camera shows him falling down amidst smoke from his gun. His colleagues are then seen rushing towards him. Shaukat’s colleagues while talking to ARY News have said that he killed himself after he was denied days off by the management. They also alleged that he was severely disheartened due to the behaviour of his higher-ups. On t
CLICK HERE TO DOWNLOAD

Ary News

By -
Image
KARACHI: Export Industry owners facing adversity as they are unable to deliver their export orders due to gas load shedding and low pressure in Karachi, ARY News reported on Monday. As per details, gas crises have intensified in several parts of the metropolis, as winter began which is causing hurdles for the domestic and industrial units. President Site Association Saleem Parekh has said they are facing huge lose due to gas load shedding and low pressure in the city. “Export session is being badly affected, we are unable to deliver orders as Christmas is right on the corner,” said Saleem Parekh. Meanwhile, spokesperson of the Sui Southern Gas Company (SSGC) has said gas pressure has dropped due to technical faults in the fields, efforts underway to resume supply at its full capacity, he added. It is pertinent to mention here that Minister for Petroleum Ghulam Sarwar Khan, on December 4, had said that people would not face gas load-shedding during winter season this year. Relate
CLICK HERE TO DOWNLOAD

Ary News

By -
Image
Paris was on high alert Saturday with major security measures in place ahead of fresh “yellow vest” protests which authorities fear could turn violent for a second weekend in a row. Shops, museums, metro stations and the Tour Eiffel were due to close, while top-flight football matches and music shows were cancelled. The French capital experienced its worst riots in decades last weekend, in scenes that shook the country and plunged President Emmanuel Macron’s government into its deepest crisis so far. France’s interior minister Christophe Castaner said he expected “only a few thousand people” to descend on the capital after the 8,000 protesters counted last weekend, “but among them are ultra violent individuals”. “These past three weeks have seen the birth of a monster that has escaped its creators,” he said, adding that a “large-scale” security operation would be launched Saturday. He vowed “zero tolerance” towards those aiming to wreak further destruction and mayhem, after dozen
CLICK HERE TO DOWNLOAD