By Tatsuya Goto
From the article:
TOKYO -- Japan will push both lenders and borrowers to disclose more information regarding debt in emerging economies as the country chairs the Group of 20 next year, hoping to prevent such nations from falling into a debt trap.
Emerging economies in Asia and Africa have been developing their infrastructure in recent years with backing from China's Belt and Road Initiative. Beijing poured a total of $20.1 billion into 64 countries along historic Silk Road trade routes in 2017, up 32% from the year before. Eight of those nations, including the Maldives and Laos, will face growing debt risks as a result, according to the Center for Global Development, a nonprofit think tank based in the U.S.
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