The World Bank sent $25 million in 2021 to Chinese companies that are on U.S. sanctions lists for military and human rights abuses, according to a federal review of the contracts.
In 2020 and 2021, World Bank borrowers steered contracts to at least five Chinese companies that appear to be on U.S. Treasury Department’s Office of Foreign Assets Control sanctions lists, according to the U.S. Government Accountability Office report.
Among the sanctioned recipients of World Bank funds was the Xinjiang Production and Construction Corps, which received $7.1 million in 2021. The company was sanctioned for human rights abuses and is a “state-run paramilitary corporate conglomerate” that is “involved in a pervasive program of egregious rights violations that [affect] the most marginalized people in the Uyghur Region,” according to a report by the Helena Kennedy Centre at the United Kingdom’s Sheffield Hallam University.
The findings […]
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