The World Bank grew out of the Bretton Woods Conference, when some smart folks on the winning side of World War II tried to figure out how to create the financial and political stability avoid another war. It purpose was to lend for major projects for post-war reconstruction, natural disasters, humanitarian emergencies and post-conflict rehabilitation in developing and transition economies.

China is the United States' biggest creditor... our banker. The country is a magnet for foreign investment. 

The World Bank is still lending to China.  Odd.

TrackBack URI for this entry

Comments (0)

Subscribe to this comment's feed

Write comment

Name

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Add Comment