17 Countries in Africa have had their Debts to China Forgiven in an Effort to Further Long-Term Partnerships
Chinese officials claim the push for partnerships come as the United States and Western allies "bully" China...
17 countries in Africa have had their debts forgiven by China for nearly 23 loans that were due in 2021. The move backs the idea of China pushing for a long-term partnership with African countries. Wang Yi, China’s Foreign Minister, said that the partnerships would evolve “in the face of the various forms of hegemonic and bullying practices.” The comments may be referencing current visits from global leaders despite the Chinese military and their threats against said leaders.
Following a meeting on the Forum on China-Africa Cooperation held last November, the relief was announced to Chinese and African diplomats. At the forum, China showed a willingness to look out for Africa’s indebtedness by reducing pledges to Africa by 33%.
No specifics have been announced on the offered relief but China has canceled debt due to interest-free loans worth more than $113 Million for 15 countries in total. All of which have matured in 2020.
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