China seeks to allay belt and road ‘debt trap’ concerns with standard for assessing financial risk

//China seeks to allay belt and road ‘debt trap’ concerns with standard for assessing financial risk

China seeks to allay belt and road ‘debt trap’ concerns with standard for assessing financial risk

China moved on Thursday to allay widely held concerns about the financial drawbacks of its “Belt and Road Initiative” by publishing a debt sustainability framework for participating nations.Presented by Finance Minister Liu Kun on the opening day of the second Belt and Road Forum in Beijing, the 15-page document was, he said, based on similar standards used by the World Bank and the International Monetary Fund.He said its aim was to “prevent and solve debt problems” associated with projects…

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By | 2019-04-25T14:15:10+00:00 April 25th, 2019|Headlines|Comments Off on China seeks to allay belt and road ‘debt trap’ concerns with standard for assessing financial risk