Adopted Yokohama Declaration with “Debt Trap” by China TICAD closing 30 August 14:23
The TICAD = Africa Development Conference was held on the 30th of the last day, “Yokohama,” which included the promotion of cooperation for the expansion of highly transparent loans and financial stability, with the so-called “debt trap” by China in mind. The Declaration was adopted and it was closed.
Held once every three years, the 7th TICAD = African Development Conference was held in Yokohama, with Prime Minister Abe and leaders from over 50 African countries participating in the theme of development support and strengthening economic relations. Discussions took place and the three-day schedule ended.
At the closing ceremony, Prime Minister Abe said, “African has rapidly increased its young population, and new businesses have been born one after another. "I am willing to support you to help you." The “Yokohama Declaration”, which incorporates the results of the meeting, was adopted.
Among them, the company intends to promote human resource development through vocational training by promoting corporate expansion and private investment in Africa, which has the potential for high economic growth.
In addition, it is highly transparent in light of the G20 Osaka Summit Leader's Declaration, which refers to high-quality infrastructure investment that takes into account the financial situation of the partner country, taking into consideration the so-called “debt trap” that would lead to debt overdraft due to China's huge investment. In addition to expanding loans, it will promote cooperation aimed at stabilizing financial conditions.
The importance of “free and open Indo-Pacific” advocated by Japan, with China intensifying its advancement into the ocean, was first stated in the TICAD Summit Declaration, and cooperation with African countries in terms of maritime security. I will strengthen it.
In addition, the United Nations Security Council reform, including entering Japan as a permanent member, was urgently promoted, and the provision of an environment where everyone can receive basic medical care and health services was included.