US to Push for Transparency on Chinese Loans to African Nations
- China loan deals hurting some African nations, Fernandez says
- Transparency will help the countries get out of debt, he says
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The US will push for more transparency around the terms of debt that African nations owe to China as they struggle to make repayments, a senior government official said.
Washington will also “try and figure out how these countries can get out of a crushing debt that oppresses their people,” said Jose Fernandez, the under secretary for economic growth, energy, and the environment at the State Department.