Labor & Human transfer

Development bank accused of lending millions to companies linked to forced Uyghur labor

 

By Anne Kader

 

 

The International Finance Corporation (IFC), one of the leading global development banks, has provided hundreds of millions of dollars in loans to companies in the Chinese occupied Uyghursistan (that China refers to as Xinjiang), reveals a new report released by Atlantic Council, Helena Kennedy Centre for International Justice and NomoGaia.

 

The report titled 'Financing and Genocide: Development Finance and the Crisis in the Uyghur Region' presents evidence that in recent years the IFC, which operates under the World Bank Group, has loaned money to four Chinese companies linked to forced Uyghur labor, land confiscation, forced displacement of Uyghurs, environmental damage and the destruction of indigenous cultural heritage sites. The companies include Chenguang Biotech Group Co., Ltd. (晨光生物科技集团股份有限公司) Camel Group Co., Ltd. (骆驼集团股份有限公司) Century Sunshine Group Holdings, Ltd. (世纪阳光集团有限公司) and Jointown Pharmaceutical Group Co., Ltd. (九州通医药集团股份有限公司), the report reveals.