Road loans

Bangladesh minister warns against Belt and Road loans to China – FT

Bangladesh’s Finance Minister Mustafa Kamal said developing countries should “think twice” before taking out more loans through China’s Belt and Road program given global inflation, of slowing growth and economic crisis in Sri Lanka, according to a Financial Times report, which quoted him as saying: “Everyone blames China. [And] China cannot disagree. It is their responsibility. »

Kamal said the crisis in Sri Lanka showed that China should have undertaken “thorough study” of the affected projects before lending, according to the report. “After Sri Lanka. . . we have the feeling that the Chinese authorities are not taking care of this particular aspect, which is very, very important,” he said.

Read it full report: The Financial Times.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd newspapers in Sydney, Perth, London and Melbourne before touring South East Asia in the late 1990s. leader of The Nation for over 17 years and has a family in Bangkok.