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African Open Bank Governor denies China's "debt trap" China and China "complementary role"-Reuters News-International

2019-08-30T05:52:21.404Z


[Yokohama 30th Reuters]-Adeshina, President of the African Development Bank, denied on the 30th that China was about to fall into debt traps in African countries, and China, like other countries, would make up for the lack of infrastructure funds. Important investment


[Yokohama 30th Reuters]-Adeshina, President of the African Development Bank, denied on the 30th that China was about to fall into debt traps in African countries, and China, like other countries, would make up for the lack of infrastructure funds. He stressed that it offers significant investments.

There is criticism over China's aggressive financing to Africa that it has a large amount of debt to a relatively poor country, and at the African Development Conference (TICAD) held this week in Yokohama. Debt sustainability has become an important theme.

Governor Adesina dismissed these criticisms and argued that Japan and China need to play a “complementary role” instead of competing to make up for the serious shortage of funds in African infrastructure development.

“I don't think China is deliberately incurring debt. China plays a very important role in supporting infrastructure,” he said to Reuters. Not. "

Source: asahi

All news articles on 2019-08-30

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