[Congressional Record Volume 165, Number 194 (Thursday, December 5, 2019)]
[Senate]
[Pages S6879-S6880]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
World Bank
Mr. GRASSLEY. Mr. President, I come to the floor this afternoon to
discuss two issues: one dealing with the World Bank and another one
dealing with the Department of Defense's inability to get clean audits.
Today the World Bank is releasing its country partnership framework
with China. Reportedly, this includes $1 billion to $1.5 billion of
loans to China per year and $800 million to $1 billion in private
sector investment.
Keep in mind that the World Bank was created to help economic
development in the world's poorest countries. China is now the world's
second largest economy after the United States. Also, the United States
is the World Bank's largest contributor. I think many Americans would
question why so many American tax dollars are going to support low-
interest loans in China.
In China, there is a large and growing body of evidence of human
rights abuses in Xinxiang, including mass internment camps. Reports
indicate that these camps are centers for social control and political
indoctrination. Chinese authorities reportedly mistreat or even torture
detainees, while requiring them to engage in forced labor and to
renounce their religion and their culture. Yet the World Bank has
supported a program called Technical and Vocational Education and
Training Project in Xinxiang Province.
This is wording very close to what the Chinese Communist Party
euphemistically calls its internment camps. Plus, one reporter has
uncovered documents that these schools purchased barbwire, tear gas,
and body armor using other funds--and, of course, funds are fungible.
Institutions like the World Bank have a great responsibility to
further assess critical human rights risk and religious freedom, such
as those exhibited in Xinxiang in any region where it lends money.
The World Bank's own social framework standards state that when
assessing social risk and impacts, the Bank must assess threats to
human security and impacts on the health, safety, and well-being of
workers and project-affected communities. The Bank and other such
institutions cannot adequately assess a project's full impact without
monitoring and examining reports of widespread human rights abuses in
any local area.
On November 16, the New York Times published leaked Chinese records
indicating a coordinated effort going back years, directed by General
Secretary Xi, to detain hundreds of thousands of Uighurs, Kazakhs, and
other Muslims in internment camps and to unleash the tools of
``dictatorship'' on the Xinxiang Muslim population. Given these
repeated reports about repression in Xinxiang that date back even
years, it is hard to see how any project in that region could meet the
Bank's social framework standards. There needs to be a periodic
internal review of risk assessment mechanisms to ensure that they are
appropriately calibrated to capture changing risk profiles.
I question whether the Bank's oversight processes are adequate, given
its own assessments saw no issue with these intern camps that go by the
professional name of Technical and Vocational Education and Training
Project--and I am referring particularly to those in Xinxiang Province.
In a statement on August 29, the World Bank stated that it had
conducted supervision missions twice a year since the project started
and that these missions included a review of social safeguards and a
monitoring and evaluation review. The World Bank found ``no evidence
from subsequent reviews that funds were diverted, misused, or used for
activities not in line with project objectives or World Bank policies
and procedures.''
However, just last month, the Bank raised the environmental and
social risk ratings from moderate--the second lowest level--to
substantial and then to high--the highest level. It is very
disappointing that very little happened in upgrading the risk
assessments on this project until after congressional attention, even
with an internal whistleblower raising the matter. This seems like a
failed process to me when routine audits and a whistleblower complaint
do not catch anything, despite increasingly concerning reports in the
media about mistreatment and abuse.
I have written a letter to the Bank President, Malpass, asking
questions about these systemic concerns. Moreover, I questioned why a
country like China, whose economy has far surpassed the threshold at
which it is supposed to graduate from rural bank funding, is now and
forever still taking loans.
The World Bank was created for a very worthwhile purpose--to help
poor countries that cannot, on their own efforts, assess capital
markets.
Both China and Russia today have well surpassed the World Bank's
graduation threshold and have access to capital markets. Yet American
taxpayers are called on to do more. Yet China then continues to borrow,
on average, $2 billion a year from the World Bank, making it one of the
Bank's top borrowers--the second largest economy in the world and one
of the Bank's top borrowers.
Countries like China or Russia that have seen the most economic
progress should not seek to maintain access to the Bank's preferential
lending rates and technical support. Moreover, these are our two major
geopolitical foes.
I have previously highlighted China's intellectual property theft and
foreign influence activities at American universities as just an
example of other things I looked at in the case of China.
Russia's illegal occupation of territory in Georgia and Ukraine and
its ``active measures'' against democracies, including the U.S.
democracy, make it effectively an outlawed state. Meanwhile, China does
substantial foreign lending of its own, which it uses as a tool of
geopolitical influence over other countries.
Now, just think, through the World Bank, they get U.S. taxpayer
dollars, and then the country is still so rich that they can lend to
many other nations around the world to increase the geopolitical
influence of China, and that country's lending does not follow
international development finance standards, nor does China disclose
the amounts or terms for loans that it offers.
Through the Belt and Road Initiative in China--this initiative is a
process where they invest in other countries to have Chinese influence
in these other countries--this Belt and Road Initiative in China has
raised concerns about debt sustainability in recipient countries. They
can invest money in these countries, and then they have an agreement
that if the loan isn't paid, then China takes over, enhancing their
influence--a lot of it for military purposes.
A March 2018 report from the Center for Global Development assessed
the current debt vulnerabilities of the countries I just referred to,
identified as potential Belt and Road Initiative borrowers. Out of the
23 countries determined to be vulnerable to debt distress, the center
identified 8 countries ``where Belt and Road Initiative appears to
create the potential for debt
[[Page S6880]]
sustainability problems, and where China is a dominant creditor in the
key position to address these problems.''
The World Bank, again using American tax dollars, should not be
lending to wealthy countries that violate the human rights of their
citizens and attempt to dominate weaker countries through their loans,
whether it is done for military reasons or for economic reasons.
The State-Foreign Operations appropriations bill contains funding and
authorization for a large capital increase for the World Bank. In other
words, what I just said--the Senate is going to be facing this issue. I
have developed an amendment to this bill that would insert language
requiring the U.S. representative to the World Bank to work to defeat
any project in a country that has reached the World Bank's own
``graduation threshold'' and, secondly, that is designated by the State
Department as a ``country of particular concern for religious freedom''
or is on the watch list for such designation. Both of those would
include China and Russia at this point. Countries with broadly
documented violations of international norms, human rights, and
religious freedoms should not be given the privilege of accessing
preferential loans that then limit access to other countries in need.
In other words, the second largest economy in the world--China--by
getting loans from the World Bank at the same time they violate the
human rights of their people--developing countries that need the loans
and resources are not getting them because they are going to the
wealthy nations.