The head of the China-led Asian Infrastructure Investment Bank pushed back on Tu...
RIYADH - The head of the China-led Asian Infrastructure Investment Bank pushed back on Tuesday against U.S. assertions that China’s Belt and Road lending has unfairly saddled poor countries with unsustainable debt.
“The debt problems of these poor countries were accumulated over the years. I don’t think it’s fair to put it down to the Belt and Road initiative,” Jin said at the Future Investment Initiative conference in Riyadh. “But we should learn from the history. For many countries I think the issue is not whether you borrowed the money from outside, it’s how you spend the money you borrow,” Jin said. “You spend it well or not.”
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