Tag: China-Africa Debt

  • What Is China’s Debt Relief Plan For Heavily Indebted African Countries?

    What Is China’s Debt Relief Plan For Heavily Indebted African Countries?

    China has revealed it has kickstarted its plan to cancel outstanding interest-free loans to indebted African countries and Rwanda has become one of the countries to benefit from this agreement, following the Apex lender’s recent forfeiture of an outstanding debt of $7.1 million. According to a statement by Rwandan Minister for Finance and Economic Planning,…