TICAD Stresses Need to Resolve Africa's Massive Debts

Politics

Yokohama, Aug. 30 (Jiji Press)--A key three-day international conference in Yokohama, south of Tokyo, ended on Friday with the adoption of a declaration calling for the acceleration of efforts to resolve heavy debts owed by African countries.

Based on the Yokohama declaration adopted at the Seventh Tokyo International Conference on African Development, or TICAD 7, Japan is expected to step up assistance for Africa, such as dispatching financial management experts to countries in the continent.

Japan is aiming to draw a contrast with the financially aggressive aid approach by China, which is boosting its presence in Africa.

"We must ensure that the debt burdens of aid recipient countries are not excessive," Japanese Prime Minister Shinzo Abe stressed at a press conference with Egyptian President Abdel-Fattah al-Sisi, held after TICAD 7.

"Sustainable development of such countries is important," Abe also said, highlighting Japan's plan to focus on aid for nurturing industrial personnel and boosting the quality of medical services in Africa.

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Jiji Press