Financial Times FT.com

China lends where the World Bank fears to tread

By Alan Beattie in London and Eoin Callan in Washington

Published: December 8 2006 02:00 | Last updated: December 8 2006 02:00

The World Bank and other aid agencies can co-operate with China to finance development projects in Africa but big differences remain over lending terms and conditions, senior officials warned yesterday.

James Adams, the bank's vice-president for east Asia and the Pacific, told reporters in Beijing that the bank had proposed to China the idea of jointly financed projects. "We've had constructive discussions and we're pretty confident that we'll be able to find a broad range of activities where we can work together," he said.

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