U.S Secretary of State Pompeo blasts China’s policy on lending to African nations.

United States Secretary of State Mike Pompeo has blasted China’s lending policy saying it creates an unsustainable debt burden and hides corruption with its secretiveness to African countries.

Noting that China is “by far the largest bilateral creditor to African government,” Pompeo said that “most US foreign assistance, by contrast, comes in the form of grants rather than loans, in order to promote transparent, private sector-led economic growth that benefits all parties.

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