Political Quotes

Brad Sherman: “We do not engage in debt trap financing. When a U.S. Government entity makes a loan, it is with the expectation that the…”

On the recordMay 7, 2019
We do not engage in debt trap financing. When a U.S. Government entity makes a loan, it is with the expectation that the loan is affordable, can be repaid, and can be repaid normally out of the project's revenues.
Said by
Brad Sherman
Democratic · California

Editor's note · Context

Sherman emphasizes U.S. loan practices differ from China's debt trap financing.

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