Debt holidays for Africa

19 June 2020 | Economics

China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, state television reported on Wednesday, quoting president Xi Jinping's (photo) 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. Photo Nampa/Xinhua

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