P.M. BRIEFING : World Bank Reviews China Loans
The head of the World Bank’s China department said today he is reserving judgment on the bank’s future relationship with Beijing.
“It’s too early to come to any conclusions. I’m just listening to what they tell me,” Shahid Burki said in a telephone interview.
The bank, which has more than 70 projects worth $8 billion in China, Monday delayed a $160.2-million urban development loan until Burki could assess conditions after the violent suppression of China’s pro-democracy movement.
Burki said a decision on $450.2 million in loans delayed since the military crackdown earlier this month had to wait until after his fact-finding trip.
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