The U.S. Government Accountability Agency (GAO) said that Chinese companies have received nearly one -third of the international contracts funded by the World Bank in the past ten years, which is more than ten times the amount of the contract obtained by American companies.
According to Bloomberg report, GAO issued a report on Wednesday (May 10) that the total amount of the contract funded by the World Bank of China from 2013 to 2022, which was issued from 2013 to 2022, was equivalent to about $ 21 billion(The same is about S $ 27.9 billion); US entities received 2.4%, about $ 1.7 billion; France received 4.4%.In terms of the number of contracts, France accounts for 4.3%, the United States accounts for 3.3%, and China accounts for 2.9%.
GAO said that one of the reasons for the above differences is that American companies are less participating in bidding.The agency pointed out that from the data summary since 2017, the success rate of the US company's bidding is 70%.
The United States is the largest shareholder and source of funds in the World Bank. The past governors have been Americans since the establishment of the World Bank.
