When it announced its withdrawal from the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Trump administration also refused to increase capital for the World Bank in order to force the institution to revise its policy of lending to middle-income countries.

But at the same time, the World Bank is working closely with Ivanka Trump, the "first daughter" of the United States and Trump's adviser.

The report commented that this dispute is another sign of US President Trump's antipathy to the international system. His critics regard this move as another manifestation of the United States' withdrawal from global leadership.

On the 12th, the United States just announced that it would withdraw from UNESCO, the cultural agency of the United Nations.

It has also adopted a more combative approach to the United Nations as a whole and international institutions such as NATO and the WTO.

The U.S. has refused to increase capital for the World Bank, reports say World Bank President Jim Yong Kim is working to find additional financial resources after hoping shareholders could at least agree on a timetable for a capital increase at this week's annual meeting in Washington.

But the Trump administration has resisted those plans and made its demands clear this week, saying the United States wanted the World Bank to first examine its balance sheet.

Currently, China is the World Bank’s largest borrower.

The Financial Times stated that in the past few years, the United States has also been wrestling with China over the control of international institutions such as the World Bank.

However, Jim Yong Kim told reporters that the World Bank's work in China has provided inspiration for the bank's work around the world.

"To me, the rationale for our work in China is pretty clear: Not only do we help them move forward on their development path, but the lessons we learn from China... are very useful for our work in other developing countries," he said.

, the World Bank needs to increase capital to cope with the growing demand for loans. It admitted that the decision is now in the hands of shareholders. "The good news is that the United States is now also involved in the discussion." It is reported that the United States is the World Bank's largest shareholder.

A senior U.S. Treasury official told Reuters this week that the World Bank would need to do "a lot of work" on its balance sheet before the United States could consider the idea of ??increasing capital for the International Bank for Reconstruction and Development (IBRD), the bank's main lender.

"Ultimately, the problem is that too high a percentage of the World Bank's balance sheet is going to countries and projects that already have sufficient borrowing capacity," the official said.

The U.S.'s opposition to the World Bank's loan policy shows that Jim Yong Kim's vision for the World Bank is facing serious resistance.

Scott Morris, a former U.S. Treasury Department official who now works at the Center for Global Development, a think tank, said that the U.S. position means challenging the World Bank’s existing strategy. “This is really important for the future.

It created some pretty deep divisions.”

New Women's Entrepreneurship Fund Plan In fact, Jim Yong Kim is eager to build relationships with the Trump administration. He has been working closely with Trump's daughter and adviser Ivanka Trump to establish a new women's entrepreneurial fund with the goal of

Provides more than $1 billion in financing to entrepreneurs and small business owners.

Jim Yong Kim said that the fund will be established this Saturday and has already raised about US$350 million in donations, which will allow the World Bank to deploy up to US$2 billion in funds.

The Women's Entrepreneurship Fund program adopted a formal governance framework on Wednesday.

According to the Wall Street Journal, the fund said it would award $150 million in financing during the first round of proposals.

The first round of proposal period starts immediately and ends on December 15th.

Ivanka said in a previous statement that the new fund has been officially launched, and she looks forward to continuing to cooperate with the World Bank through the fund to provide support to female entrepreneurs around the world and eliminate existing barriers that hinder the growth and success of female entrepreneurs.

obstacle.

The proposal to create the fund was first proposed to Jim Yong by Ivanka in early April this year, and she will discuss the launch of the fund with Kim on Saturday.

Policies are different, the executor decides.