x

China will continue to support Africa – official

China will continue to support Africa and will resolve the debt issue through friendly consultations with African countries, the Foreign Ministry spokesperson, Zhao Lijian, said on Monday in Beijing.

Lijian made this remarks at a news conference in response to certain Western countries’ false accusations against China of not fully participating in the Group of 20 Debt Service Suspension Initiative.

Also, it was added that China had failed to help African countries to reduce their debt burdens.

Lijian said that China had attached great importance to debt suspension and alleviation in Africa and is committed to fully implementing the G20 debt relief initiative.

China has announced important measures to alleviate African debt at the Extraordinary China-Africa Summit on Solidarity against COVID-19.

“We are following the consensus reached by the leaders of China and Africa and the G20 Debt Service Suspension Initiative and are actively responding to the concerns of the African side,’’ said Lijian.

He added that the Export-Import Bank of China, as an official bilateral creditor, had signed debt suspension agreements with 11 African countries.

Lijian also said that non-official creditors had also reached consensus on debt relief with some African countries.

Lijian said China would exempt 15 African countries from interest-free loans by the end of 2020 and continue to promote the international community, especially the G20, to further extend the duration of debt suspension.

The debts held by multilateral financial institutions and commercial creditors account for more than three-quarters of the total foreign debt of African countries, he said.

He added that those institutions and creditors should bear a greater responsibility for debt relief.

“China’s cooperation with Africa never interferes in the internal affairs of African countries and political conditions are never attached.

“Those are the principles we hold when dealing with Africa’s debt problems.

“The label “debt trap” cannot be handed to China,’’ he said.

China has always supported Africa.

The country stands ready to strengthen communication and coordination with African countries and resolve the debt problem through friendly consultations, Lijian said.

Hot this week

Victor Osimhen Sets New Galatasaray Record With Brilliant Brace Against Bodø/Glimt

 Victor Osimhen continued his sensational European form on Wednesday...

More Women Grabbing Family Planning Services – NDHS Report

... As Nigerian Fertility Rate Slides DownBy...

Ex-ACF Scribe Warns FG Against Bowing to Pressure Over Nnamdi Kanu

By Achadu Gabriel, KadunaFormer Secretary-General of the Arewa Consultative...

INSPIRATION:Building a Reliable Humanity: Where Peace and Growth Reign

With Mary EwaLife will always remain a venture—an unfolding...

MRA announces call for entries for 2026 Goodluck Jonathan FOI Awards

By Achadu Gabriel, KadunaMedia Rights Agenda (MRA) Thursday,...

Over 50 terrorists neutralize, 70 wounded in severe battle with troops

By Achadu Gabriel, KadunaWith renewed vigour and triumph,...

Consumer Protection Commission charges against food adulteration

By Israel Adamu, JosThe Federal Competition and Consumer...

ECOWAS Role in Conflict Management and Resolution of the Malian Crisis

By Abdul Mahmoud YayaleThe protracted crisis in Mali...

Bingham University, commissions multipurpose laboratory, office complex

By Israel Adamu,JosBingham University, Karu,on Thursday achieved...

Related Articles

Popular Categories

spot_imgspot_img