Japan to help African countries get out of China’s ‘debt trap’






Japanese Foreign Minister Yoshimasa Hayashi speaks during an online meeting with his African counterparts from the Tokyo International Conference on African Development on March 26, 2022, at his ministry in Tokyo. (Kyodo)

TOKYO (Kyodo) — Japanese Foreign Minister Yoshimasa Hayashi said on Saturday that Tokyo would help African countries get out of China’s “debt trap.”

In online discussions with ministers from African nations, Hayashi expressed his readiness to support African countries that want to get out of the debt trap, saying, “We will facilitate the environment in which (developing nations) do not do not have to depend on such funding”. not to mention China.

“We must not tolerate the destabilization of developing countries,” he also said.

The two-day talks through Sunday are aimed at laying the groundwork for the eighth Tokyo International Conference on African Development, a Japan-led initiative to help Africa’s development, scheduled for next month. August.

The annual white paper on development cooperation released by Japan’s foreign ministry earlier this month says the international community has condemned “debt trap” financing, which burdens recipient countries with loans they cannot afford. not repay, in a veiled reference to China’s huge infrastructure projects in developing countries. .