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Wang Yi argues against so-called “debt pickling” with the cooperation of China and Africa


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On January 6, 2022 local time, Secretary of State Wang Yi and Cabinet Secretary for Foreign Affairs Raychelle Omamo met jointly with the media in Mombasa. Wang Yi argued that China’s cooperation with Africa created a “debt trap.”

Wang Yi emphasized that cooperation between China and Africa is South-South cooperation, mutual support and support between developing countries. In cooperation with Africa, China has not attached any political strings or imposed anything on others. All China-Kenya cooperation projects are scientifically planned and evaluated in detail, benefiting the people of Kenya and supporting the development and revitalization of Kenya’s nation. Eighty percent of Kenya’s external debt comes from multilateral financial institutions, and its debt to China is primarily concessional lending.

Wang Yi emphasized that the so-called “debt pickling” in Africa is not a fact, but a malicious hype by some. This is a “speech trap” created by forces that Africa does not want to accelerate development. If there is a “trap” in Africa, it is a “poverty trap” and an “underdeveloped trap”, which Africa should remove as soon as possible. China will work with all its friends to accelerate post-pandemic recovery, eliminate poverty and underdevelopment, catch up with the times as soon as possible, achieve common development and create a better future. Ready to help.

Distributed by the APO Group on behalf of the Ministry of Foreign Affairs of the People’s Republic of China.

Wang Yi argues against so-called “debt pickling” with the cooperation of China and Africa

Source link Wang Yi argues against so-called “debt pickling” with the cooperation of China and Africa

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