Treasury Secretary Steven Mnuchin on Thursday agreed that the World Bank should expel China from a supportive loan program.
Asked by U.S. Republican Rep. Anthony Gonzalez whether he'd support graduating Beijing from select World Bank lending, Mnuchin replied "I do."
"China claims that it wants to be seen as an equal to the U.S. in the global economy. If that's the case, it needs to step up," former U.S. trade advisor Clete Willems says. Asked by U.S. Republican Rep. Anthony Gonzalez whether he'd support graduating Beijing from the lending program, Mnuchin replied "I do."
Mnuchin added that the selection of former Treasury Undersecretary David Malpass as the World Bank's president earlier this year gives him confidence the institution will revise its practices to make its lending more equitable.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. floats 'safe harbor' proposal in global taxation reform driveU.S. Treasury Secretary Steven Mnuchin raised serious questions about OECD inter...
Leer más »
Hedge fund manager Kyle Bass supports bill to curb World Bank lending to ChinaHedge fund manager Kyle Bass told CNBC that he supports an effort by a U.S. lawmaker to end China's candidacy for select World Bank loans.
Leer más »
Betsy DeVos: Here’s My New Plan For Your Student LoansU.S. Secretary of Education Betsy DeVos has a new plan for student loans—here’s what you need to know:
Leer más »
Food-stamp changes are about getting people back to work not kicking them out, says USDA chiefThe Trump administration changed food-stamp requirements to 'increase employment,' not simply remove people from the program, Agriculture Secretary Sonny Perdue says.
Leer más »