Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-023"

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"Mr President, I should like to raise the issue of China’s investment activities in Africa, which is crying out for a debate on the European Investment Bank’s lending conditions. As Mr Maystadt rightly said, in November last year, this is a major issue to which the international financial community should respond. Competitive lending is an undesirable phenomenon, since its eventual effect is to reduce all conditions on loans to a minimum, at least provided that there are any conditions left in the areas of democracy and human rights. Does the EIB think it might join with the international financial community in bringing pressure to bear on China? Considerations of human rights and democracy should not be made secondary to short-term economic gain, not even in Chinese credit policy in respect of Africa. While this House, in a resolution on relations with China, is making a powerful plea in favour of freedom and human rights, we would lose our credibility if we were not to prescribe these requirements as conditions for loans in the African countries."@en1

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