Published On: Thu, Jun 18th, 2020

China to cancel debt of ‘relevant’ African countries due in 2020.

China hopes that the international community, especially developed countries and multilateral financial institutions, will act more forcefully on debt relief and suspension for Africa, President Xi Jinping said Wednesday also adding that China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. It is not clear which countries make up the ‘relevant’ group that will have their debt cancelled.

Xi made the remarks in his keynote speech at the Extraordinary China-Africa Summit on Solidarity against COVID-19 held via video link.

Within the framework of the Forum on China-Africa Cooperation

xinhua

Up votes: 0 Down votes: 0
China to cancel debt of ‘relevant’ African countries due in 2020.
0 votes, 0.00 avg. rating (0% score)