The Democratic Republic of the Congo, a major producer of cobalt and copper, has attracted billions of dollars in investment from Chinese firms in recent years.
China has granted some debt relief to the Democratic Republic of the Congo (DRC) to help it overcome economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday.
As a result, the DRC will not have to repay its interest-free loans from China that matured at the end of 2020. The ministry did not say how much this amounted to.
China has extended debt relief worth over $2bn to developing countries under a Group of 20 (G20) framework aimed at giving those hammered by the COVID-19 crisis some financial breathing space.
The latest deal was announ…
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