Is the CARES ACT include billions for China?

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BY PAUL PRESTON, AENN

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) – which the House of Representatives is expected to vote on Friday – includes the funding for the African Development Fund (ADF), the African Development Bank (AfDB) and the International Development Association (IDA).

Well these organizations are nothing more than front groups for the Chinese government.

The ADF and the AfDB are two related organizations that help fund development and poverty eradication efforts in Africa, whereas the IDA is a subsidiary of the World Bank that gives to poor countries in general. Combined, they will receive more than $10.8 billion under the CARES Act.

This amount includes $7,286,587,008 for the AfDB, $513,900,000 for the ADF and $3,004,200,000 for the IDA.