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>Posts tagged "Wang Yi"

As a strategic gesture and to underscore the bond of solidarity, friendship and mutual trust between China and the African continent, the Chinese government has pledged its commitment to cancel the $28m debt owed by DR Congo as a way of supporting the country’s responds against COVID-19 pandemic.

According to a press statement released by the Congolese Foreign Ministry, the debt cancelation was targeted at strengthening DR Congo’s respond plan against the pandemic which has dealt a major blow to the country’s economy.

Mr. Wang Yi, Chinese Foreign Minister in a statement said that “As Congo’s most reliable friend, China wishes to continue to make its contribution to Congo’s development.

He further pledged a $15 million support fund to help sustain wider development efforts in the country.

China is a major investor in the Democratic Republic of Congo, and researchers from Johns Hopkins University in the US have estimated that Chinese entities have extended more than $2.4 billion in loans over the past two decades.

Since the first coronavirus cases were detected on March 10, DR Congo has officially registered 18,738 cases and 610 deaths.

As a strategic gesture and to underscore the bond of solidarity, friendship and mutual trust between China and the African continent, the Chinese government has pledged its commitment to cancel the $28m debt owed by DR Congo as a way of supporting the country’s responds against COVID-19 pandemic. According to a press statement released by the Congolese Foreign Ministry, the debt cancelation was targeted at strengthening DR Congo’s respond plan against the pandemic which has dealt a major blow to the country’s economy. Mr. Wang Yi, Chinese Foreign Minister in a statement said that "As Congo's most reliable friend, China wishes to

New Release: The African Economic Congress 2020 Report.