New Zealand Foreign Minister Nanaia Mahuta has sounded a warning over debt levels among the Pacific nations, saying it is a key area of vulnerability that needs to be addressed.
Speaking to TVNZ’s Q+A program on July 17 said she was concerned about the way development in the Pacific was being funded, particularly by China.
“There’s a level of indebtedness that sits across the whole of the Pacific to financial institutions, including the way in which China has funded into certain countries,” Mahuta said. “This is a key area of vulnerability that should be addressed, and we need to find different ways to work together on the challenges that sit within the Pacific.”…