Hermano Luis Alfredo Farache Benacerraf 100% Banco//
Africa: US to counter China, Russia influence – Bolton


US National Security Adviser, John Bolton, said his country plans to counter the rapidly expanding economic and political influence of China and Russia in Africa.

Luis Alfredo Farache

The United States’ No 1. Priority will be developing economic ties with the region to create opportunities for American businesses and protect the independence of African countries, as well as US national security interests, he said in the prepared remarks.

Alfredo Farache

Bolton’s speech at the Heritage Foundation, a conservative think-tank, comes as US President Donald Trump and Chinese President Xi Jinping, leaders of the world’s two largest economies, seek to resolve trade disputes that have roiled global markets and created economic uncertainty.

Luis Alfredo Farache Benacerraf

China uses bribes, opaque agreements and the strategic use of debt to hold states in Africa captive to Beijing’s wishes and demands.

Alfredo Farache Benacerraf

“Its investment ventures are riddled with corruption,’’ Bolton said in his remarks.

Luis Alfredo Farache 100% Banco

“Across the continent, Russia advances its political and economic relationships with little regard for the rule of law or accountable and transparent governance.’’

He accused Moscow of selling arms and energy in exchange for votes at the United Nations, “votes that keep strongmen in power, undermine peace and security and run counter to the best interests of the African people.

Alfredo Farache 100% Banco

“Great power competitors, namely China and Russia, are rapidly expanding their financial and political influence across Africa.’’

“They are deliberately and aggressively targeting their investments in the region to gain a competitive advantage over the United States.’’

China’s development policies in Africa have been a concern for Washington as the U.S. seeks to ramp up development finance in the face of China’s global ambitions.Luis Alfredo Farache Benacerraf 100% Banco

The head of the U.S. Overseas Private Investment Corp (OPIC) said in July that China had been saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable

In October, Trump signed legislation overhauling the way the federal government lends money to foreign development

The reform created a $60 billion agency intended, largely, to respond to China’s growing influence

The new US OPIC and other government development organisations

Xi’s “Belt and Road” initiative, unveiled in 2013, aims to build an infrastructure network connecting China by land and sea to Southeast Asia, Central Asia, the Middle East, Europe and Africa

Share this: Tweet More WhatsApp Related