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Xi Reportedly Agrees to Reschedule Republic of Congo’s Chinese Debts

File image of Chinese President Xi Jinping and Congo's President Denis Sassou Nguesso. Ng Han Guan / POOL / AFP

Chinese President Xi Jinping has reportedly agreed in principle to reschedule the Republic of Congo’s debts to Beijing in a move that will presumably pave the way for a half-a-billion dollar IMF rescue package to take effect.

President Xi made the offer during a call on Monday with President Denis Sassou Nguesso, according to Congolese Finance Minister Rigobert Roger Andely, reported Reuters.

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