World Bank withholds review of China loan

  • 25/06/2000

  • Asian Wall Street Journal (Hong Kong)

The World Bank abruptly cancelled plans to make public a highly critical review of $40 million loan to China for relocating 58,000 poor rural families in areas in a western province populated mostly by Tibetan herders. Bank officials said the review was accompanied by a letter from World Bank President James Wolfensohn to the bank's 24 executive directors saying the project, which includes new safeguards, fully meets bank standards.