(Bloomberg) -- President Donald Trump added to the criticism of the World Bank’s plan for low-interest loans to China.

“Why is the World Bank loaning money to China?” Trump said in a Twitter post on Friday night. “Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!”

His tweet came a day after Treasury Secretary Steven Mnuchin, at a congressional hearing, said that the administration opposes the plan by the bank, which has loaned more than $1 billion to China this year.

The World Bank is expected to soon release its latest Country Partnership Framework document for China, which lays out its lending plans to the world’s second-largest economy. Mnuchin told the House Financial Services Committee on Thursday that China should be removed from the World Bank’s loan program.

“The Treasury Department has negotiated significant reductions on China lending by the World Bank,” Mnuchin said.

Several lawmakers voiced concerns about what they described as unannounced World Bank plans to continue lending to China despite rapid growth in the country’s per capita income. Mnuchin said the Treasury Department on Wednesday had filed an objection to the World Bank’s latest plans.

Mnuchin advised Trump to recommend former Treasury official and Trump campaign adviser David Malpass to take charge of the bank earlier this year.

The U.S. is the largest contributor to the World Bank, which provides low-interest loans to low-income nations.

World Bank lending to China declined to $1.3 billion in fiscal year 2019 from $2.4 billion in fiscal 2017.

To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;John Harney in Washington at jharney2@bloomberg.net

To contact the editor responsible for this story: Kevin Whitelaw at kwhitelaw@bloomberg.net

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