China's central bank agreed to allow two World Bank institutions to buy debt in the country's domestic market as the world's second-biggest economy opens to further investment from abroad, according to a statement.
The International Development Association and the International Bank for Reconstruction and Development will be able to purchase debt in the country's interbank bond market, the People's Bank of China said on Monday in a notice on its website. It signed agreements with the World Bank bodies in Washington, DC, it said.
Agencies - China Daily
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