China's loans to Africa worry World Bank President David Malpass

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China's loans to Africa worry World Bank President David Malpass
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The bank's president David Malpass says more transparency is needed when providing economic help.

China refutes suggestions that it is exploiting other countries with its financial support.

"So what we're trying to do, and I think everyone should be trying to do, is improve the quality of the lending. "If you bundle them together, it makes it very hard to know, am I getting a good deal on the train or on the financing."The outgoing World Bank president is also concerned that higher food, fertiliser and energy prices, as a result of the war in Ukraine, are sapping government budgets in poorer countries. While that could deepen the economic challenges they face there is relief that price rises are now starting to ease.

"So a farmer that was just making ends meet, she didn't get fertiliser, and now her land is not as productive. And so where's the food going to come from for the family and for the community? That's the big immediate problem. What we're trying to do is help countries directly with fertiliser [and] with food.

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