African Development Conference Prime Minister Abe China's “Debt Trap” Concern August 29, 11:30
At the TICAD = African Development Conference, Prime Minister Abe said that “if African countries get stuck in debt, it will prevent private companies from entering the country” with the concern of the so-called “debt trap” by China. In addition to conducting specialized training in 30 countries to increase the soundness of the company, we expressed our intention to promote highly transparent financing.
The TICAD = African Development Conference held in Yokohama City gave a speech at Prime Minister Abe's general meeting on the 29th morning of the second day.
In this situation, Prime Minister Abe said that “the debt trap” is in mind with the fact that so-called “debt traps” are progressing, as African countries fall into debt overload and China's intentions can no longer be ignored due to huge loans by China. ”Prevents private companies from entering Africa,” he expressed his concerns.
After that, he said, “Choose 10 priority countries every year and conduct public debt and risk management training,” and conduct specialized training in 30 countries in Africa over three years to improve the financial soundness of each country. Expressed his thoughts.
In addition, Prime Minister Abe, in order to promote private sector investment in Africa, cooperates with related organizations in Africa through government-affiliated insurance company “Japan Trade Insurance” and JICA = International Cooperation Organization. I showed the idea of promoting a high-quality loan