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China Cancels Nearly Two Dozen Interest-Free Loans to 17 African Countries

by Eric Olander
Chinese Foreign Minister Wang Yi addressed a group of African foreign ministers during a virtual FOCAC 8 follow-up session on August 18, 2022. Image via the Chinese Ministry of Foreign Affairs.

Chinese Foreign Minister Wang Yi unveiled a minor debt relief package for 17 African countries, writing off 23 interest-free loans that came due at the end of the last year.

Wang made the announcement on Thursday at a meeting with a group of African foreign ministers to monitor the progress of commitments made at the Forum on China-Africa Cooperation conference that took place last November in Senegal.

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