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Opinion

The alternative to Chinese debt for Africa from Japan and India

'Growth Corridor' can offset excessive dependence on Belt and Road borrowing

| Africa
Indian Prime Minister Narendra Modi, left, and Japanese Prime Minister Shinzo Abe at Abe's official residence in Tokyo in October   © Reuters

China's sprawling Belt and Road Initiative has made developed nations anxious about losing influence in the developing world. The U.S. and the EU are each advancing their own new strategic initiatives to support development in emerging economies.

Meanwhile, in a development that has so far attracted little publicity, Japan and India have been gradually fleshing out their own joint program to support African development -- the Asia-Africa Growth Corridor plan -- which offers real potential to bring economic benefit to Africa.

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