Japan warns African countries on debt burden

TOKYO: The Japanese Foreign Affairs minister Taro Kono has urged African governments to watch their appetite for loans, advising that “sound debt management” is key for sustainable development of the continent by African themselves.

Mr Kono speaking Saturday at the opening of the Tokyo International Conference on African Development (TICAD) ministerial meeting in the Japanese capital, said international assistance should be provided in “accordance with international standards such as transparency, openness, and economic efficiency, in view of life-cycle costs as well as debt sustainability of recipient countries.”

“These principles are crucial components of Japan’s “Quality Infrastructure” initiative, based on which Japan is supporting enhanced connectivity…

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