China to writes off debt for some African countries

China to writes off debt for some African countries

Chinese President, Xi Jinping has promised to exempt some African countries from outstanding debts incurred in the form of interest-free Chinese government loans due by the end of 2018. The exemption according to him will be granted to African countries heavily indebted, poor countries landlocked, as well as small island developing countries that have diplomatic […]

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Source: China to writes off debt for some African countries

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post culled from nigerianpilot.com