2020年12月20日

New United States ambassador warns of Asia’s ‘payday loan diplomacy’

CANBERRA, Australia (AP) — the U.S. that is new ambassador Australia stated Wednesday that he’s concerned with just how Asia lends cash to developing Pacific countries in just what he defines as “payday loan diplomacy.”

Arthur Culvahouse Jr. told reporters in Canberra it was as much as U.S. allies and Western liberal democracies to teach individuals in regards to the potential risks of these loans.

U.S. Vice President Mike Pence formerly warned of Asia deploying “debt traps” against developing Pacific countries.

“i might utilize more powerful language. I might make use of loan that is payday,” Culvahouse said.

He said “the cash appears appealing and simple upfront, you better see the small print.”

Asia categorically rejects accusations so it utilizes loans, funds along with other monetary inducements to increase its diplomatic and political reach, saying its just acting when you look at the needs of both edges such deals. (さらに…)