China to offer some debt relief to African countries

China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, Reuters news agency reported quoting President Xi Jinping.

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.

“I am confident that humanity will ultimately defeat the virus, and Chinese and African people will embrace better lives in future,” said Xi when making remarks on China-Africa’s joint efforts to fight against the coronavirus.

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

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