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China's loans to Africa worry World Bank President David Malpass

From bbc.com

The president of the World Bank has told the BBC that he is concerned about some of the loans China has been making to developing economies in Africa. David Malpass says the terms and conditions need to be "more transparent". It comes amid worries that countries including Ghana and Zambia are struggling to repay their debts to Beijing. China says that any such lending is done within international rules. Developing countries often borrow money from other nations or multilateral bodies to finance sectors that will grow their economies such as infrastructure, education and agriculture. However steep increases in ... (full story)

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