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Ex-Commerce secretary says Elon Musk’s DOGE should target World Bank

Former Commerce Secretary Wilver Ross should train a world bank's aiming device after being accused of losing $ 24 billion of climate funds of the government of Iron Musk (a cost slashing institution known as Dodge). He said.

Ross, President Trump's first term of President Trump, states that the United States is the largest supporter of the World Bank and is banking economic growth in China.

The 2024 World Bank international debt report indicates that Beijing has currently undertaken $ 15.4 billion from a huge global bank loan in which China has been secured at a low rate. The biggest debtor is now India, slightly over $ 34 billion.

Former Secretary of Commerce and Secretary of Commerce Trump, Wilver Ross, is the 47th President's long -standing allies. Getty image of the Concordia Summit

“The World Bank made China use us,” said Los Angel. “It seems ridiculous that China is the biggest shareholder of the World Bank and that China is a very large borrower from there.”

Report with In 2023, the government's accountable bureau, a US expenditure watchdog, discovered that Chinese companies were also preferred in contracts for funding the world bank.

According to GAO's survey, Chinese companies took a considerable amount of 10 -thirds of the World Bank contracts between 2013 and 2022, but US companies made a bid at the same time. It accounts for only 1 %.

It is, despite the Chinese Communist Party holding foreign currency preparation $ 3.2 trillion.

Official document Posted online Show that you are planning to rent $ 250 million from lenders to “low -carbon and natural positive urban development” from a lender in the southern west of China.

Another so -called green project The city of Sigiazhan, 160 miles away from Beijing, is trying to receive the same amount of loans to reduce the emission of greenhouse gases and expand low carbon urban development.

Former Loschild's bankers, Ross, criticized Beijing to declare the “Economic War” in the United States using a loan to move the interests of foreign policy.

“In fact, the World Bank provides funds to some of the belts and road programs used by China to increase influence around the world.”

“One of the very fruitful fields for DOGE is these multilateral organizations. There are dozens of these, each is the largest single -paid person. We are usually true economy. If you have a profit, you can hardly get (if you have it). “

A World Bank spokeswoman said that the lender said, “Most of our expenses are covered by loan repayment from borrowed countries, so it is operated by taxpayers in the United States at zero costs.”

Former Master Card executive Ajai Banga was appointed by the Biden administration to operate the World Bank. Reuters

“The claim that the World Bank is boosting China is simply wrong. China has repaid more than twice the borrowed one year year, and we have reduced borrowing in recent years,” they said. Is added. “Every time China repays, we will provide funds to the most necessary places while providing funds to projects that promote business benefits in the United States and the world.”

The White House Spokesman did not reply to the comments in comments.

According to a report on January 2, a Congress Research Service, the United States offers only 60 billion dollars to the major lending departments of banks, known as the Bank of Reconstruction and Development, are provided by shyness.

According to CRS reports, the World Bank has an economic fire fund, and has almost $ 300 billion of the “called capital” to deal with major financial shocks.

In addition, US tax revenues in harmony of $ 600 billion have also attracted the International Development Association, and has won $ 311 billion war boxes as a subsidy for poor countries.

The United States is the only government from 189 World Bank countries and a major founding member of the global body, so it has the authority to refuse to change how it is operated.

Ross, who just wrote a reminiscence of “risks and returns: creating the success of business and life,” stopped the United States to quit the lender.

However, 87 -year -old girls have urged President Trump to “reconsider” the role of the world's body and how their finances were organized.

David Malpass was a critic of a bank's lending policy when he worked for the Ministry of Finance. New Hua Shrine's telecommunications company via Getty Images

“World banks must not be a social policy tool,” he said, delving into the so -called “awakening” capitalism.

“It should be a tool for economic development, rather than undertaking ideology like climate change.”

Ross commented that Oxfam, a left -wing British philanthropy, accused the bank that it had lost 24 billion dollar climate fund due to lack of bookkeeping practices and lack of transparency. I will come later.

NGO's report was strongly contested by officials of the World Bank, but the study reflects the testimony to Congress by former Trump Finance in 2017.

Last month, the post revealed that the World Bank staff could sign up the gorgeous golf and country club owned by the International currency fund without paying. Instagram / @bettonwoodsRecreation

Two years later, Marpass, who led the Bank of the World, told members that the facilities were “not very efficient,” “the lending practices are often corrupt.”

Even the successor to his appointment, the president, the executive of the former Master Card Ajai Banga, Recognized last year Banks are facing “fighting poverty, existing climate crisis, growing public debt, declining progress in geopolitical conflicts.”

The post reported in November that the DC organization staff won the trumps of Trump's amazing camback and then “running like a headless chicken.”

Ross, President Trump's long -standing allies, urged Elon Musk dogs to train international organizations such as the World Bank. AP

The outlet also exclusively revealed some of the gifts that are enjoyed by employees in the public sector.

These include tax -exempt salaries that can bring back $ 511,000 per year without passing daim to anklesum.

International bureaucrats also enjoy luxurious business -class travel allowances and exclusive golf and country clubs in Maryland.

Staff based in this country also include bonuses that enjoy 26 days a year and 15 -day sick leave in addition to free US health insurance.

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