WASHINGTON - China’s ambassador to the United States Qin Gang on Monday rejected charges that Beijing had mired African countries in debt during a forum ahead of a US-Africa summit, citing a report that African countries owe three times more debt to Western institutions.this week in Washington, DC, to discuss pressing challenges from food security to climate change for the first time since the Obama administration held one in 2014.
Mr Qin cited a July study by the British charity, Debt Justice, that said African countries owed three times more debt to Western institutions than to China. Analysts say China remains the biggest bilateral lender to Africa in the past decade, although new loan commitments have declined in recent years.
State Department spokesperson Ned Price said on Monday that 50 invited delegations had confirmed they would take part in the Washington summit - 49 countries and the African Union.
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