by: Ethan Huff
(Natural News) The moneychangers over on the World Bank have been actively funding communist China’s military and human rights abuses, a brand new federal review of contracts has shown.
The usGovernment Accountability Office (GAO) published a report showing that the World Bank funneled $25 million in 2021 to varied Chinese corporations which might be on the U.S. Treasury Department’s Office of Foreign Assets Control sanctions lists, meaning no one is alleged to be doing business with them.
Xinjiang Production and Construction Corps., as an illustration, received $7.1 million from the World Bank in 2021 for being a “state-run paramilitary corporate conglomerate” that’s “involved in a pervasive program of egregious rights violations that [affect] probably the most marginalized people within the Uyghur Region,” explains one other report by the Helena Kennedy Centre at the UK’s Sheffield Hallam University.
The GAO report says that these and other findings could “raise national security or foreign policy concerns for the U.S.,” in addition to raise recent questions on the role of the U.S. as the highest financial contributor to the World Bank, which appears to be very closely aligned with communist China.
(Related: In line with the World Bank, a worldwide food crisis is coming – and it’s supposedly Russia’s fault.)
Should the US contribute anything in any respect to the World Bank?
In its defense, the World Bank told the Washington Free Beacon that it “upholds a principle of universal / open eligibility, which guarantees that bidders from all our 189 member countries are eligible to bid for Bank-financed contracts.”
“The one exceptions are entities which might be subject to sanctions imposed by the United Nations’ Security Council,” a spokesman added.
Other Chinese-linked corporations that received money from the World Bank in 2021 include the China Communications Construction Company, which received a $6.8 million contract from a World Bank borrower.
The China Communications Construction Company, in response to former secretary of state Mike Pompeo, is one among the “leading contractors utilized by Beijing in its global ‘One Belt One Road’ strategy, engaged in corruption, predatory financing, environmental destruction, and other abuses the world over.”
Other Chinese-linked recipients of money from the World Bank in 2021 include the China National Chemical Corp., Ltd., and China Mobile Communications Group Co., Ltd., each of which were sanctioned for his or her connections to the Chinese military.
There may be also the China National Electronics Import & Export Corporation, which was sanctioned for attempting to undermine the “democratic” process in Venezuela.
A subsidiary of Huawei, one other blacklisted Chinese company that’s accused of engaging in corporate espionage and violating U.S. sanctions on Iran, also received $9 million in contracts from the World Bank the yr prior in 2020.
The World Bank insists that it screens its contractors against the U.S. sanctions lists, but just for “practical concerns” related to transfers of cash. The bank added that it doesn’t “permit use of [U.S. sanctions] or other national lists to find out eligibility” for contract awards.
Borrowers are also allowed to seek out alternative payment routes, the World Bank indicated, as a way to work with sanctioned contractors.
Since the World Bank doesn’t include ownership names, addresses, or other identifying information in its public data, the GAO says it was unable to definitively discover all recipients of World Bank money, despite making every effort to accomplish that.
“While the World Bank was created to support developing countries, corporations in China – the world’s second-largest economy – are the largest beneficiaries of its contracts,” reports explain.
“Businesses in China received 29.2 percent of all contract funding from the World Bank between 2013 and 2022, compared with 2.4 percent for U.S. corporations and 4.4 percent for French corporations, the GAO evaluation found.”
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