Source: AFX News Limited

POTSDAM, Germany (Thomson Financial) - G8 finance ministers have urged China and other countries lending to Africa to adopt 'responsible' practices when giving aid to the continent in order to ensure the money is managed well and can be repaid.

Without directly naming China, the G8 said: 'We commit to applying responsible practices in our lending decisions. To this end, we urge all borrowers and creditors to share information on their borrowing and lending practices.'

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Posted by pichu at May 19, 2007 01:02 PM