China hopes a new framework will help stop countries piling up unsustainable levels of debt if they accept projects under its Belt and Road Initiative as it looks to head off accusations of “debt-trap diplomacy”.
Chinese Finance Minister Liu Kun announced the launch on Thursday of the Debt Sustainability Framework for Participating Countries of the Belt and Road Initiative and encouraged financial institutions and participatory countries to adopt the framework.
“We are creating a debt sustainability framework to neutralise credit risks,” Liu said at the Second Belt and Road Forum for International Cooperation held in Beijing...
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