China has just rejected allegations that the country will take the only international airport of Uganda if the country in the Eastern African region cannot pay 200 million USD borrowed Beijing.Endebbe is the only international airport Uganda. (Photo: Wiionews) An investigation of the Uganda parliament last month concluded that China applied difficult to this country to borrow, including the ability to confiscate the airport if Uganda defeated. The report is causing indignation in this country's public opinion. Before the information is mentioned by the local press, the Chinese Embassy in Uganda yesterday, said: "Allegations of malignant that 'Uganda delivered security It is important to change China's money 'is no real facility and only to distort the good relations of China with developing countries, including Uganda "
." There are no projects in Chau Phi was confiscated by China because she did not pay the debt, "claimed to clearly stated that, some Western countries accused Beijing seducing poor countries to fall into" debt trap ", making them unable to repay debt, And the borrowers will have to give up the control of important sovereignty assets such as airports and seaports to compensate.uganda borrow money from China Export Import Bank (Exim Bank) from 2015 to develop Infrastructure projects such as roads and power plants. The loan terms are not publicized
MP Joel Ssenyonyi, chairman of the National Assembly's Executive Committee, said that this loan contract gave Exim Bank the right to approve the annual budget of the airport and the terms allowed China " Take "Airports if Uganda default. Revenue from airport activities sent to a margin asset, and withdrawal from this Fund will be penalized by Exim Bank, Ssenyonyi Senator told Reuters. Regulations that all proceedings or disputed arbitration must be carried out in China and obey China's law, Mr. Ssenyonyi said. "Then Uganda is locked completely, this contract is only beneficial to one side ", Mr. Ssenyonyi said. This doctor says the information from Finance Minister Matia Kasaija said that this year Uganda has tried to negotiate the condition of the contract, but was rejected by Exim Bank. Mr. Kasaija declined to comment. Because of Reuters
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