Stop World Bank Loans to China

We ask you to cosponsor bipartisan legislation to prevent U.S. taxpayer money from falling into the hands of the People’s Republic of China and its projects to suppress human rights and democracy in places like Hong Kong and Xinjiang. The International Bank
for Reconstruction and Development (IBRD), the World Bank’s primary financing institution for middle-income countries, ceases to finance (“graduates”) countries that can sustain long-term development without recourse to Bank resources. The IBRD examines a
country’s potential graduation when the country reaches a Gross National Income (GNI) of $6,975 per capita. Currently, the World Bank calculates China’s GNI per capita as equivalent to $9,470 and possess the largest foreign exchange reserves in the world with
more than $3 trillion held. However, just this past December 2019, the World Bank approved new funding for China of up to $1.5 billion per year through 2025. The numbers speak for themselves, and American taxpayers should not stand to subsidize China’s loans
anymore. 

Read More

Stop World Bank Loans to China

We ask you to cosponsor bipartisan legislation to prevent U.S. taxpayer money from falling into the hands of the People’s Republic of China and its projects to suppress human rights and democracy in places like Hong Kong and Xinjiang. The International Bank
for Reconstruction and Development (IBRD), the World Bank’s primary financing institution for middle-income countries, ceases to finance (“graduates”) countries that can sustain long-term development without recourse to Bank resources. The IBRD examines a
country’s potential graduation when the country reaches a Gross National Income (GNI) of $6,975 per capita. Currently, the World Bank calculates China’s GNI per capita as equivalent to $9,470 and possess the largest foreign exchange reserves in the world with
more than $3 trillion held. However, just this past December 2019, the World Bank approved new funding for China of up to $1.5 billion per year through 2025. The numbers speak for themselves, and American taxpayers should not stand to subsidize China’s loans
anymore. 

Read More

Stop World Bank Loans to China

We ask you to cosponsor bipartisan legislation to prevent U.S. taxpayer money from falling into the hands of the People’s Republic of China and its projects to suppress human rights and democracy in places like Hong Kong and Xinjiang. The International Bank
for Reconstruction and Development (IBRD), the World Bank’s primary financing institution for middle-income countries, ceases to finance (“graduates”) countries that can sustain long-term development without recourse to Bank resources. The IBRD examines a
country’s potential graduation when the country reaches a Gross National Income (GNI) of $6,975 per capita. Currently, the World Bank calculates China’s GNI per capita as equivalent to $9,470 and possess the largest foreign exchange reserves in the world with
more than $3 trillion held. However, just this past December 2019, the World Bank approved new funding for China of up to $1.5 billion per year through 2025. The numbers speak for themselves, and American taxpayers should not stand to subsidize China’s loans
anymore. 

Read More

Stop World Bank Loans to China

We ask you to cosponsor bipartisan legislation to prevent U.S. taxpayer money from falling into the hands of the People’s Republic of China and its projects to suppress human rights and democracy in places like Hong Kong and Xinjiang. The International Bank
for Reconstruction and Development (IBRD), the World Bank’s primary financing institution for middle-income countries, ceases to finance (“graduates”) countries that can sustain long-term development without recourse to Bank resources. The IBRD examines a
country’s potential graduation when the country reaches a Gross National Income (GNI) of $6,975 per capita. Currently, the World Bank calculates China’s GNI per capita as equivalent to $9,470 and possess the largest foreign exchange reserves in the world with
more than $3 trillion held. However, just this past December 2019, the World Bank approved new funding for China of up to $1.5 billion per year through 2025. The numbers speak for themselves, and American taxpayers should not stand to subsidize China’s loans
anymore. 

Read More

Stop World Bank Loans to China

We ask you to cosponsor bipartisan legislation to prevent U.S. taxpayer money from falling into the hands of the People’s Republic of China and its projects to suppress human rights and democracy in places like Hong Kong and Xinjiang. The International Bank
for Reconstruction and Development (IBRD), the World Bank’s primary financing institution for middle-income countries, ceases to finance (“graduates”) countries that can sustain long-term development without recourse to Bank resources. The IBRD examines a
country’s potential graduation when the country reaches a Gross National Income (GNI) of $6,975 per capita. Currently, the World Bank calculates China’s GNI per capita as equivalent to $9,470 and possess the largest foreign exchange reserves in the world with
more than $3 trillion held. However, just this past December 2019, the World Bank approved new funding for China of up to $1.5 billion per year through 2025. The numbers speak for themselves, and American taxpayers should not stand to subsidize China’s loans
anymore. 

Read More