US Demands World Bank Overhaul of Lending to China (Financial Times)

From the article:

But the US objections to World Bank lending policies suggest Mr Kim’s vision for the bank, which has been premised heavily on engaging China, faces more serious headwinds.

Scott Morris, a former US Treasury official now at the Center for Global Development, a think-tank, said the US position amounted to a challenge to the World Bank’s existing strategy, which has been to use lending to China to engage with Beijing and try to offset the impact of new institutions like the AIIB. 

It also amounted to the Trump administration “picking a direct fight with China” over the mission of a major international institution. 

Read full article here.