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Nairaland Forum / Nairaland / General / Politics / China 'willing To Look At' Debt Relief For African Nations (187 Views)
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China 'willing To Look At' Debt Relief For African Nations by Realyin(m): 2:22pm On Apr 14, 2020 |
China could temporarily freeze debt repayments by African nations to free up cash for those countries to tackle the coronavirus outbreaks, reports the Reuters news agency. China is a major creditor to African economies, having lent them billions of dollars over the last two decades. "The origin of Africa's debt problem is complex, and the debt profile of each country varies," China's foreign ministry told Reuters. "We are aware that some countries and international organisations have called for debt relief programmes for African countries, and we are willing to study the possibility of it jointly with the international community." China is a member of the G20 group of economies, which meets this week. The group is expected to make an agreement on debt relief for the world’s poorest nations. The International Monetary Fund (IMF) and World Bank are also pushing for debt relief to help poor countries during the virus. |
Re: China 'willing To Look At' Debt Relief For African Nations by lawalosky(m): 2:24pm On Apr 14, 2020 |
I pray this is true |
Re: China 'willing To Look At' Debt Relief For African Nations by Realyin(m): 2:25pm On Apr 14, 2020 |
It us from BBC |
Re: China 'willing To Look At' Debt Relief For African Nations by Dreal1247: 2:30pm On Apr 14, 2020 |
Any country doing business with China should take time to review review the terms and the conditions. China's quest to become world power at all cost can cause them to insert unattainable terms and conditions to the dealings with other nations thereby subjecting the nation i'm long years of slavery. |
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