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

TL;DR

David Malpass says the terms and conditions need to be "more transparent". However steep increases in interest rates in the US and other major economies over the last year are making loan repayments more expensive because lots of that borrowing is done in foreign currencies such as US dollars or euros. "The ambition is there," says Mr Malpass, "but the needs are much bigger than the amount of flows" of money coming in

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