World Bank President concerned about China's loans to Africa.

World Bank President David Malpass has expressed concern over the lack of transparency in some of the loans China has been making to developing economies in Africa, as countries such as Ghana and Zambia struggle to repay their debts to Beijing. China has refuted suggestions that it is exploiting other countries with its financial support. The competition between the US and China for influence in Africa is providing different options for developing countries, but Malpass warns against offering collateral as an inducement to make a loan, as it locks it up for generations.