23 Interest-Free Loans to 17 African Countries will be forgiven – Beijing China, the largest government creditor to emerging economies, says it will forgive 23 interest-free loans to 17 African countries and redirect $10bn of its IMF reserves to nations on the continent. Foreign minister Wang Yi announced the cancellations in a meeting last week of the Forum on China-Africa Cooperation, according to a post on the ministry’s website. It did not provide details on the value of the loans, which it said matured at the end of 2021, nor…
Read MoreChina Mulls Loans Waiver, Offers $10bn In IMF Funds For Africa
