Saturday 31 August 2019

Japan PM wraps up Africa meet with debt warning aimed at China

Japan PM wraps up Africa meet with debt warning aimed at ChinaInvestors in Africa must beware of burdening countries with "excessive" debt, Japan's prime minister warned Friday, an apparent swipe at China whose Belt and Road policy has been accused of saddling poor nations with crippling debt. Speaking to reporters at the end of an African development conference outside Tokyo, Shinzo Abe emphasised that countries in the G20 group of top economies, including China, had committed to the concept of "debt sustainability". "In providing assistance to Africa, we have to take note of the debt burden of the recipient country and take care that the debt burden does not become excessive," Abe said when asked about China's influence in Africa.




from Yahoo News - Latest News & Headlines https://ift.tt/2ZyuP5M

No comments:

Post a Comment