Loans: Aso and Adb

loans: It's the same as excessive lending by consumer credit companies, he added, noting that some developing countries may not realize the interest commitments they are taking on along with the debt burden, according to The Japan Times. China's 99-year lease of the port in Hambantota, Sri Lanka, was one example, Aso said. China must graduate from ADB loans, Aso told a news conference after holding talks with Liu on the sidelines of an annual ADB conference that opened in the Fiji resort city of Nadi the same day. ; Aso said he finds it problematic that China, while taking loans from the ADB as a developing country, makes excessive loans to emerging economies, which causes some of them to face repayment difficulties. By criticizing Beijing's stance, Aso apparently aims to pave the way for the ADB to reduce its loans to China and allocate more funds to emerging countries that need financing for infrastructure development. On that matter, Aso and Liu discussed ways to develop guiding principles for high-quality infrastructure investment based on repayable loans. Developing a method to enable low-income countries to continue repaying their loans has become an issue in relation to China's Belt and Road regional development initiative. (news.financializer.com). As reported in the news.