Japan PM Warns Africa About Debt As China Grows Presence

Japan PM Warns Africa About Debt As China Grows Presence.

Japan’s Prime Minister Shinzo Abe delivers a speech during the opening session of the Tokyo International Conference on African Development in Yokohama on August 28, 2019. TOSHIFUMI KITAMURA / AFPJapan’s prime minister on Thursday warned African leaders against accumulating too much debt, in an apparent reference to Chinese infrastructure projects that some blame for damaging the finances of developing nations.

“What should the government do to encourage to exercise their skills?,” Abe asked the Tokyo International Conference on African Development . He also announced that Japan plans to train experts in 30 African countries in next three years on managing risks and public debts. But China, with its ambitious Belt and Road Initiative, now enjoys a massive presence in the continent, having announced $60 billion in development funding for Africa last year.

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