China to boost co-operation with WB

China anticipates enhancing collaboration with the World Bank (WB) and contributing to worldwide poverty alleviation and progress, Xinhua news agency reported on Wednesday, citing Foreign Ministry spokesperson Mao Ning statements.

Mao commented on the World Bank’s appointment of Zhang Wencai as Managing Director and World Bank Group Chief Administrative Officer during a regular news briefing.

He emphasised that China, being the largest developing nation globally, and the WB, as the largest multilateral development institution, have maintained a close partnership for over four decades, resulting in productive co-operation.

Furthermore, Ning highlighted China’s support for the WB’s efforts to enhance its development objectives and institutional capabilities, aiding developing nations in achieving sustainable development and effectively addressing global challenges.