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HomeBusinessBlinken says US investing in Africa without unsustainable debt By Reuters

Blinken says US investing in Africa without unsustainable debt By Reuters

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© Reuters. US Secretary of State Antony Blinken speaks with members of the civil society on the US Embassy in Abuja, Nigeria November 19, 2021. Andrew Harnik/Pool by way of REUTERS

By Bate Felix

DAKAR (Reuters) – US Secretary of State Antony Blinken stated on Saturday his nation was investing in Africa with out imposing unsustainable ranges of debt, as he witnessed the signing of contracts price greater than $1 billion in Senegal’s capital Dakar.

The offers between 4 US corporations and Senegal are being billed as a part of his nation’s pitch to assist Africa construct infrastructure with clear and sustainable offers. https://www.reuters.com/markets/asia/blinken-vows-avoid-opaque-coercive-africa-infrastructure-deals-2021-11-19

Cautious to not instantly criticize Chinese language infrastructure tasks, which have proliferated up to now decade, Blinken stated throughout a go to to Nigeria on Friday that worldwide offers have been too usually opaque and coercive.

The USA is investing “with out saddling the nation with a debt that it can not deal with,” he stated in the course of the signing ceremony with Senegal’s Economic system Minister Amadou Hott.

The offers will assist enhance infrastructure, create jobs and reinforce public security and local weather resilience, he added.

Senegal is the ultimate cease on Blinken’s three-country tour of Africa, following visits to Kenya and Nigeria, the place he has tried strike a brand new tone from the period of former President Donald Trump, who disparaged some African nations and barred journey from six of them .

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Abhishek Tiwarihttps://www.cyberyukti.com
Abhishek Tiwari is the Author & Founder of the CyberYukti.com. He is passionate about Blogging & Digital Marketing.

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