KINSHASA – China has granted some debt relief to Democratic Republic of Congo to help it overcome economic fallout from the coronavirus pandemic, the Congolese Foreign Ministry said on Wednesday.
As a result, Congo 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 $2 billion to developing countries under a G-20 framework aimed at giving those hammered by the COVID-19 crisis some financial breathing space.
The latest deal was announced at a joint press conference in Kinshasa with Chinese Foreign Minister Wang Yi.
“As Congo’s most reliable friend, China wishes to continue to make its contribution to Congo…
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