google.com, pub-6867310892380113, DIRECT, f08c47fec0942fa0 ** ** **
China extends debt relief to DR Congo amid COVID19 crisis                 U.S                 Afghanistan                 Iran                 International                                
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
2021/01/07-12:57

China extends debt relief to DR Congo amid COVID19 crisis
Chinese State Councilor and Foreign Minister Wang Yi

The Democratic Republic of the Congo says China has offered some debt relief in a bid to ease pressure on the central African country ravaged by the COVID-19 crisis.

The Congolese Foreign Ministry said in a statement on Wednesday that as a result, the DR Congo would not have to repay its interest-free loans from China that matured at the end of 2020, without specifying sums.

The deal was announced at a joint press conference in the capital, Kinshasa, with Chinese Foreign Minister Wang Yi.

As Congo’s most reliable friend, China wishes to continue to make its contribution to Congo’s development, Wang was quoted as saying in the Congolese ministry’s statement.

China has extended debt relief worth over $2bn to developing countries under a Group of 20 (G20) framework in an attempt to help them overcome economic fallout from the coronavirus pandemic.

According to data gathered by Johns Hopkins University’s China Africa Research Initiative, Chinese entities have extended 53 loans to the Democratic Republic of the Congo between 2000 and 2018, amounting to a total of $2.4bn. Most of the lending was focused on the power, transport, and mining sectors.

The major cobalt and copper producer has attracted billions of dollars in investment from Chinese miners in recent years.

The Congo’s exports to China surged by 30 percent in 2020 compared with the previous year.

While the Central African country boasts of mineral deposits estimated to be worth trillions of dollars, the resources have fueled a never-ending war that has left millions dead, hundreds of thousands displaced, and children and women facing grievous human rights abuses.

The Democratic Republic of the Congo has one of the highest rates of internal displacement in the world, according to the United Nations (UN).

Over five million people within the country’s borders have been uprooted by insecurity, while nearly a million more have sought safety in neighboring countries as refugees.

The top UN relief official, Mark Lowcock, has already warned that the first famines of the coronavirus era could soon hit the Central African nation.

 

#China                #Africa                #Democratic Republic of Congo               
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
Israel
Israeli strikes on Gaza kill five civilians, including 9-year-old boy
China extends debt relief to DR Congo amid COVID19 crisis
US
Worst fall for UK retail sales in over 40 years due to US-Israeli war against Iran: Survey
China extends debt relief to DR Congo amid COVID19 crisis
West Asia
Four killed in latest Israeli strikes on south Lebanon despite ceasefire
China extends debt relief to DR Congo amid COVID19 crisis
West Asia
Lebanese journalist Amal Khalil deliberately killed in Israeli airstrike, body found in rubble
China extends debt relief to DR Congo amid COVID19 crisis
Ukraine
A Mass Shooting In Ukraine`s Capital Leaves 6 Dead Before Police Shot And Killed The Gunman
China extends debt relief to DR Congo amid COVID19 crisis
West Asia
Israeli strikes kill 10 people in southern Lebanon
China extends debt relief to DR Congo amid COVID19 crisis
Nizar Amedi
Nizar Amedi elected Iraq’s new president after disputed parliamentary vote
China extends debt relief to DR Congo amid COVID19 crisis
Lebanon
Israeli attacks across Lebanon kill at least 254 after Iran-US ceasefire
China extends debt relief to DR Congo amid COVID19 crisis
Ukraine
Russia and Ukraine trade deadly strikes as Zelenskyy travels to Istanbul for talks with Erdogan
China extends debt relief to DR Congo amid COVID19 crisis
EU
France, Italy join Spain in resisting Trump’s pressure to join war on Iran
China extends debt relief to DR Congo amid COVID19 crisis
US
Two prominent Lebanese journalists killed in Israeli strike on their car while covering war
China extends debt relief to DR Congo amid COVID19 crisis
US
Yemen officially joins fight against US, Israel by firing missiles at Israil
China extends debt relief to DR Congo amid COVID19 crisis
US
Israel’s Ben Gurion Airport halts all operations amid Iranian missile barrages
China extends debt relief to DR Congo amid COVID19 crisis
US
Don`t put our energy infrastructure in danger, Persian Gulf states warn Trump
China extends debt relief to DR Congo amid COVID19 crisis
US
Thousands of Israeli settlers too scared to return homes amid Iran’s missile strikes
China extends debt relief to DR Congo amid COVID19 crisis
US
Thousands protest in Spain against US-Israeli war of aggression on Iran
China extends debt relief to DR Congo amid COVID19 crisis
US
NATO withdraws troops from Iraq after US war against Iran triggers strong retaliation
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
U.S
Afghanistan
Iran
International
Social
Economic
Articles
Athletic
Read
Science
Medical
Interview
Art and Culture
Travel
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
China extends debt relief to DR Congo amid COVID19 crisis
          
@ 2025 Ansar Press
China extends debt relief to DR Congo amid COVID19 crisis