"China has done everything it can to help Angola" - Plataforma Media

“China has done everything it can to help Angola”

Angola’s debt restructuring agreement with China will be signed “very soon”. The guarantee was given by a spokesman for the Ministry of Foreign Affairs of China.

“At this point, a debt restructuring agreement has basically been reached,” said the spokesman during the Chinese MNE’s daily press conference.

The same official confirmed that, on September 25, the President of China, Xi Jinping, and the Angolan President, João Lourenço, had a telephone conversation. He added that this was based on a friendly tone and that “they maintained extensive exchanges on the deepening of bilateral relations and reached a broad consensus”.

Wang Wenbin indicated that “Angola is an important cooperation partner for China in Africa“. Referring that “Angola is facing a lot of debt pressure, China has done everything it can to help Angola overcome the difficulties”.

“As far as I know, the relevant Chinese financial institutions have been in close communication with the Angolan side to ease the debt pressure, with great progress in the discussions,” he said.

“The agreement is expected to be signed very soon,” he added. Indicating that the Bank of Exports and Imports of China offered assistance for emergency financial aid through the International Monetary Fund (IMF), but without giving details.

Este artigo está disponível em: Português

Related posts

Debt evolution to China will be crucial for Africa's ratings


China suspends debt service for poorer countries


Mozambique Not in China ‘Debt Trap’, Says Chinese Ambassador


IMF forgives debt of Mozambique, Guinea-Bissau and Sao Tome for another six months

Assine nossa Newsletter