Biden pitches infrastructure plan for Latin America as ‘debt trap’ alternative ...Middle East

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Biden pitches infrastructure plan for Latin America as ‘debt trap’ alternative
source : canadian news today ( Middle East ) () 15
US President Joe Biden announced a new investment programme on Friday to channel “billions of dollars” to Latin American and Caribbean nations, as an alternative to China’s “debt trap” deals in the region. The US, Biden said, wanted to make sure those nations had “a real choice between debt-trap diplomacy and high-quality transparent approaches to infrastructure and to development”. While not naming China, Biden was seen as referring to the Belt and Road Initiative, Beijing’s global infrastructure programme which the US contends often saddles its partners with unexpected debt. The announcement came at the first Americas Partnership for Economic Prosperity (Apep) summit in Washingt

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