What happens to the World Bank's prestige and reputation when China leaves it? China has issues with the purpose and direction that the world bank has taken.

China’s relationship with the World Bank has indeed been complex. Let’s delve into a couple of key points:

1. Ranking Controversy:

   • In 2017, the World Bank’s Doing Business 2018 report faced scrutiny. An independent investigation revealed that World Bank leaders, including then-Chief Executive Kristalina Georgieva, exerted “undue pressure” to boost China’s ranking in the report¹.
   • The report cited “direct and indirect pressure” from senior staff to change the methodology, leading to a seven-place rise in China’s ranking. This raised concerns about China’s influence within the institution.
   • As a result, the World Bank canceled the entire “Doing Business” report, citing ethical matters and conduct issues.

2. Reforms and Sustainability:

   • Despite controversies, the World Bank continues to engage with China. In 2023, the bank emphasized the importance of structural reforms for China’s sustainable growth and inclusivity².
   • Implementing key reforms remains crucial to solidify China’s recovery and achieve its long-term goals.

In summary, China’s departure from the World Bank would likely impact its reputation, but the institution remains committed to its mission. If you have further questions or need additional information, feel free to ask! 😊¹²