China will exempt some African countries from repaying certain loans

Kenyan Digest

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Published 18 June 2020, 15:15 EAT

World

China will exempt some African countries from repaying certain loans

Thursday, June 18, 2020 12:15

By REUTERS

Chinese President Xi Jinping attends the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on May 28, 2020. PHOTO | REUTERS

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, President Xi told the China-Africa summit.

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

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