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China’s Finance Minister Lan Fo’an Meets World Bank Managing Director Pascale Donohue in Beijing

China’s Finance Minister Lan Fo’an met World Bank Managing Director and Chief Knowledge Officer Pascale Donohue in Beijing on October 8. The two exchanged views on cooperation between China and the World Bank and on the replenishment of the International Development Association. Vice Minister of Finance Liao Min also attended the meeting.

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AI take

The meeting puts the International Development Association replenishment on the agenda between China and the World Bank, a funding round that shapes concessional lending to low-income countries. China's posture as a donor matters for how much IDA can raise and for its influence in multilateral development finance. The open question is whether this exchange translates into a firmer Chinese commitment ahead of the replenishment.

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