Home » Africa & World Politics, Headlines » China to exempt some African countries from repaying zero-interest loans

China to exempt some African countries from repaying zero-interest loans

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.

China is willing to give priority to African countries once COVID-19 vaccines are ready to use, Xi added.

The summit was jointly organised by China; South Africa, the rotating chair of the African Union (AU); and Senegal, co-chair of the Forum on China-Africa Cooperation.

The conference was held via video link.

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.

Reuters/NANwp_posts

Related Posts

Website Pin Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google StumbleUpon Premium Responsive

Short URL: https://newnigerianpolitics.com/?p=56070

Posted by on Jun 19 2020. Filed under Africa & World Politics, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Headlines

Browse National Politics

Featuring Top 5/1427 of National Politics

Subscribe

Read more

Browse Today’s Politics

Featuring Top 5/45 of Today's Politics

Browse NNP Columnists

Featuring Top 10/1570 of NNP Columnists

Browse Africa & World Politics

Featuring Top 5/2425 of Africa & World Politics

Subscribe

Read more

ADVERTISEMENT

Categories

FEATURED VIDEOS

Advertisements

ARCHIVES

March 2025
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

© 2025 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes