China to Waive Some African Loan Payments Due This Year, Xi Says

Xi Jinping

Photographer: Justin Chin/Bloomberg

China will waive some African nations’ debt and is willing to provide further support including loan-maturity extensions to free up funds needed to deal with the coronavirus pandemic, President Xi Jinping said.

The measures add to an initiative by the Group of 20 leading economies to suspend payments for low-income countries that have been pushed to the brink of insolvency by the disease….

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