The West blames the African debt crisis China is moving attention

Q

According to the "Foreign Ministry spokesman's office", at the regular press conference of the Ministry of Foreign Affairs on July 14, a reporter from Xinhua News Agency asked: Recently, the British charity "debt justice" issued a report, quoting data from the World Bank, International Monetary Fund and other institutions data It is believed that the debt of African countries borrowed from Western private financial institutions is three times the debt of Chinese debt, and interest rates are twice that of China. It is called on Western countries to urge private financial institutions to participate in the Group's Group Slow Debt Initiative. what opinions do the Chinese have on this issue?

A

Wang Wenbin: I noticed the relevant report. According to the World Bank's data, among 49 data -available African countries, a total of 696 billion US dollars of foreign debt, borrowing from multilateral financial institutions and private financial institutions that do not include Chinese private financial institutions accounted for about four points of the total debt. Three. According to a survey of the British "debt justice" institution on African countries with the highest debt burden, the medium numbers of debt repayments from private financial institutions and multilateral financial institutions in the next 7 years are 32%and 35%, respectively. The average loan interest rate of Western private institutions is almost twice the loan interest rate of Chinese financial institutions.

These facts and data prove that the so -called "Chinese debt trap theory" is purely false information and is a "discourse trap" that does not want to see the development of China with development countries such as Africa. As the person in charge of "debt justice" pointed out, "the West blamed the African debt crisis in China, which was diverting attention. In fact, their own banks, asset management companies, and oil dealers' responsibilities ","

We call on developed countries and their private financial institutions and international multilateral financial institutions to take more powerful actions to provide funding support for developing countries and alleviate debt burdens to help the world economy achieve tolerance and sustainable development.

(Source: Office of the Ministry of Foreign Affairs)

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