China Says It’ll Work With Angola on G20 Debt Relief, But Remains Vague About Status of Bilateral Loans

File photo: Angola's President Joao Lourenco (R) walks with Chinese President Xi Jinping during a state visit to Beijing on October 9, 2018. GREG BAKER / AFP

The Chinese government on Wednesday reaffirmed its position that it will cooperate with the G20’s ongoing debt relief initiative in Africa but refused to provide any specific details about how Beijing plans to reschedule its vast loan portfolio in Africa, specifically in Angola.

Angola’s debt, in particular, emerged as a topic at the regular foreign ministry press briefing yesterday because of a statement released on Tuesday by the Angolan finance ministry that said it is in advanced stages of “reprofiling” its oil-backed loans with certain creditors and that it has requested to join the G20’s debt relief initiative.

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by Eric Olander

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