G20 leaders lay new principles for lending, borrowing
June 9, 2019
7:37 am
G20 Finance leaders on Sunday adopted new principles to ensure countries that lend and borrow for infrastructure spending do so in a sustainable manner.
This is a move seen as addressing concerns that China’s lending practices have saddled some emerging nations with huge debt.
The principles, signed off by the Group of 20 finance leaders who gathered in the southern Japan city of Fukuoka, called for securing transparency and responsible, sustainable financing for infrastructure projects.
“We stress the importance of maximizing the positive impact of infrastructure to achieve sustainable growth and development while preserving the sustainability of public finances,” the …
