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Somalia , Thursday 16 April 2026

Africa: China to Pick 17 African Countries for Debt Forgiveness, Offers $10bn in IMF Funds

Published on: Wednesday 24 August 2022

Africa: China to Pick 17 African Countries for Debt Forgiveness, Offers $10bn in IMF Funds China, the largest government creditor to emerging economies, has said it will forgive 23 interest-free loans to 17 African countries and redirect $10 billion of its International Monetary Fund (IMF) reserves to nations on the continent.



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