Africa Conference Cooperation Coronavirus Debt Diplomacy

China will exempt some African countries from repaying certain loans

China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, state television reported, quoting President Xi Jingping’s speech at a summit.

Under the framework of the China-Africa cooperation forum, China will further extend loan payment forbearance for some countries including African countries, Xi told the China-Africa summit.

China is willing to give priority to African countries once COVID-19 vaccines are ready to use, Xi added.

Source: Reuters

Also read: China may agree to delay, not forgive, US$150B Africa debt

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