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Excessive debt is burden on global economy, World Bank head

Malpass demands 'transparent loans' from China, other lenders

World Bank President David Malpass stresses on the need of transparency of China's lending to developing countries

TOKYO -- Surging debt in low-income countries is dragging on the global economy, the World Bank president told Nikkei in a telephone interview, while also warning that loans to developing nations should always be transparent.

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