Tanzanian president visits Beijing, negotiates grant loans, signs additional infrastructure deals By Chris Devonshire-Ellis The neglected but important recent visit by Tanzanian President Samia Suluhu Hassan to Beijing on Thursday (November 3rd) offered clues as to how China intends to manage at least some of the debts it has racked up in due to errant […]
China will continue to help build major infrastructure projects in Africa through financing, investment and assistance, said the Minister in a speech at a recent meeting of the China-Africa Cooperation Forum. The country will also increase imports from Africa, contribute to the development of African agricultural and manufacturing sectors, and expand cooperation in emerging […]
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 […]
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, 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. […]
Bangladesh’s finance minister has warned developing countries should think twice before taking out more loans through China’s Belt and Road initiative as global inflation and slowing growth add to tensions in indebted emerging markets. AHM Mustafa Kamal also said Beijing needed to be more rigorous in evaluating its loans, fearing bad lending decisions could push […]