Mozambique Not in China ‘Debt Trap’, Says Chinese Ambassador
CLBrief - China - 11/11/2020
A recent study by the Centre for Public Integrity (CPI) in Mozambique claiming the African country has fallen into a ‘debt trap’ due to its high indebtness to China, has now been rebutted by the Chinese ambassador and an academic.
Speaking to State-owned Global Times…
IMF forgives debt of Mozambique, Guinea-Bissau and Sao Tome for another six months
Plataforma - Portugal - 08/10/2020
The International Monetary Fund (IMF) has approved a second six-month installment of debt service relief for 28 of the world’s poorest countries. These include Mozambique, Guinea-Bissau and Sao Tome and Principe.
With this measure, which follows an identical one…
"China has done everything it can to help Angola"
Plataforma - Portugal - 29/09/2020
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…
Cape Verde wants debt relief to Africa
Lusa - Portugal - 27/09/2020
Cape Verdean Prime Minister Ulisses Correia e Silva called for a recovery program for Africa from the crisis caused by the covid-19, with a global pact for forgiveness of foreign debt and access for all to the future vaccine.
When speaking at the 75th session of the…
Angola owes US $ 20.1 billion to China
Plataforma - Portugal - 19/09/2020
The real value of Angola’s debt to China is estimated at US $ 20.1 billion, and is the country’s largest creditor. The accounts were presented by the Angolan finance minister, Vera Daves.
Of this amount, 10 billion dollars went to the capitalization of Angolan…
Angola with a “quieter” future with debt relief
Lusa - Angola - 18/09/2020
Angola’s finance minister Vera Daves said on Friday that the debt relief initiatives negotiated at the G20 should result in savings of $6 billion (€5 billion) by 2023.
Vera Daves was speaking today at a press conference in Luanda, two days after the…
Paris Club suspends payment of Angola's debt
Plataforma - Portugal - 01/09/2020
Luanda now has to obtain from all other official bilateral creditors, namely from China, a debt service treatment that is in line with the agreement with the Paris Club.
Representatives of the Paris Club’s creditor countries confirmed the suspension of payments of…
G7 supports temporary suspension of debt payments for poor countries
ISTOÉ - Brazil - 14/04/2020
The G7, a group of the most industrialized countries in the world, agrees with a temporary suspension of the payment of the debt of the world's poorest nations…
