Developing nations should think twice before taking loan from China : Mustafa Kamal, Minister of Finance, Bangladesh

Developing nations to be wary of Chinese loans

(Left side) Mustafa Kamal, Minister of Finance, Bangladesh and Chinese President Xi Jinping (Image credit : Republic World)

Dhaka (Bangladesh) – It is essential for any developing nation to think twice before taking a loan from China because some nations are in trouble for taking loans from China, stated Mustafa Kamal, Minister of Finance, Bangladesh in an interview with a periodical. He was referring to the loan in connection to the famous scheme of China ‘Belt and Road Initiative’. Bangladesh has been associated with the scheme and had taken a loan of 400 crores from China.

(Credit : WION)

Finance Minister Kamal said further that a thorough study of any scheme is essential before taking a loan. Looking at the state of the world today, anybody would think twice before associating with this scheme. Everyone is blaming China and China too cannot deny that.

Editorial viewpoint

Bangladesh wakes up after Sri Lanka’s bankruptcy !

Leave a Comment