The World Bank is preparing to completely cease its lending operations in China by 2031, according to the institution's newly drafted country partnership framework.
The decision reflects Beijing's economic evolution, as the world's second-largest economy graduates from the developing nation category that traditionally qualifies for multilateral development loans.
A source familiar with the matter told AFP that the framework outlines a phased withdrawal of financial support, effectively ending decades of borrowing relationships.
A source familiar with the matter told AFP that the framework outlines a phased withdrawal of financial support, effectively ending decades of borrowing relationships.
The move underscores China's rising status in the global financial architecture, where it is increasingly viewed as a peer to advanced economies rather than a recipient of aid.
This development carries implications for global capital flows and development finance dynamics.
As the World Bank scales back its presence, other multilateral institutions and private capital markets may need to fill any remaining gaps in specific sectors, though China's domestic financial system is largely capable of meeting its own infrastructure and development needs.