Thursday, January 20, 2011

Report: China Banks Lend More Than World Bank

Source: This Week In Truth

Two Chinese state controlled banks have lent more to developing countries than the World Bank, according to a report. The China Development Bank and the China Export Import Bank offered loans of at least $110 bn (£69.2 bn) to governments and firms in developing countries in 2009 and 2010.

This is a Suspicious News Brief. Read more at This Week In Truth.

Calvin's Notes:

I am starting to wonder if the title of this blog is a bit misleading. Maybe it should be called "This Week In Unsubstantiated Rumors".

If Chinese banks have outlent the World Bank does that mean they are more corrupt or less corrupt than the World Bank?
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