Connect with us

Hi, what are you looking for?


End Appeasement of China at the World Bank and IMF

World Bank Group (Credits: Investopedia)

As the World Bank and the International Monetary Fund (IMF) convene this week, they gather with a diverse array of participants from across the globe. While these institutions strive for inclusivity, particularly in a diplomatic forum like the United Nations, their fundamental purpose as financial institutions differs.

Originally established by Western powers post-World War II to foster economic development and stability, the World Bank and IMF were not designed to accommodate non-market economies like China or serve their interests.

The inclusion of China in these institutions has proved counterproductive to their core mission. China’s divergent economic agenda, focused on advancing its own interests rather than upholding global standards, undermines the intended goals of the World Bank and IMF.

International Monetary Fund (Credits: VOA News)

China’s emergence as a major creditor to developing nations, often extending loans without the safeguards for sound economic policies, has perpetuated debt traps and facilitated corruption, finally thwarting development efforts.

China’s participation within these institutions hampers their efficacy from within. In instances such as IMF-led sovereign debt resolution, China’s reluctance to cooperate impedes progress.

Similarly, at the World Bank, China undermines efforts to uphold human rights standards and exploits procurement processes, advancing its own interests at the expense of others.

Despite these challenges, World Bank and IMF leaders have opted for appeasement rather than confronting China’s disruptive behavior. This approach, driven by fears of antagonizing China, undermines the institutions’ effectiveness and legitimacy.

However, it is imperative for democratic and capitalist nations, particularly the United States, to acknowledge the reality of China’s actions and take decisive measures to counter them.

The World Bank Group (Credits:

A proactive strategy entails ceasing lending to China, revising procurement procedures to exclude subsidized Chinese bids, and ensuring transparency regarding Chinese lending practices. Additionally, concerted efforts by the G7 and like-minded countries to challenge China’s influence within these institutions and support their original mandates are crucial.

While such measures may provoke backlash from China, they are essential to recalibrating the World Bank and IMF’s focus on serving the global community’s best interests.

By reaffirming their commitment to promoting economic growth, stability, and the well-being of the world’s most vulnerable populations, democratic nations can effectively confront China’s disruptive agenda and safeguard the integrity of international financial institutions.

Click to comment
Notify of
Inline Feedbacks
View all comments

We’re dedicated to providing you the most authenticated news. We’re working to turn our passion for the political industry into a booming online news portal.

You May Also Like


Actress Emma D’Arcy is from the British rebellion. She has only appeared in a small number of movies and TV shows. It might be...


Jennifer Coolidge Is Pregnant: Jennifer Coolidge Audrey Coolidge is a comedian and actress from the United States. Many of her followers are wondering if...


Spoilers! The demon Akaza from Kimetsu no Yaiba dies in the eleventh arc of the manga and the one responsible for his death is...


The young YouTube star Emily Canham has recently been seen making headlines for her amazing work and her journey. She started from scratch and...