Lack Of Cooperation Hinders China's Debt Relief To Africa – Channels Television
China last month joined other members of the G20 in agreeing to suspend interest payments on all loans owed by dozens of low-income countries, in a bid to ease pressure on developing economies ravaged by the coronavirus pandemic. Most of those nations are in Africa and getting China onboard was considered something of a coup for the G20. But there are some reservations about how far China will really deliver on its side of the deal. What is the G20 agreement? The world’s top economies agreed last month to suspend interest payments on all official loans owed by 73 low-income countries —...