China exempts some African countries from repaying zero-interest loans

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China exempts some African countries from repaying zero-interest loans
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The summit was jointly organised by China; South Africa, the rotating chair of the AU; and Senegal, co-chair of the Forum on China-Africa Cooperation.

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 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 on Wednesday.vaccines are ready to use, Xi added. The Chinese president had presided over an extraordinary China-Africa summit on solidarity against COVID-19 in Beijing on Wednesday and delivered a keynote speech.

The summit was jointly organised by China; South Africa, the rotating chair of the African Union ; and Senegal, co-chair of the Forum on China-Africa Cooperation.Leaders of African countries, including members of the AU Assembly of Heads of State and Government and rotating chairs of major African subregional organisations; and the chairperson of the AU Commission attended the summit.

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