Friday 4 December 2020
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scmp - 13 days ago

Coronavirus: China suspends US$2.1 billion in debt service for poor nations

China has suspended US$2.1 billion of debt service payments from 23 poor countries as the coronavirus pandemic worsens a debt crisis in Africa.On the eve of this weekend’s G20 summit, Chinese Finance Minister Liu Kun said on Friday that the China International Development Cooperation Agency and official bilateral lender Export-Import Bank of China had suspended debt service payments worth US$1.353 billion as part of the Group of 20’s Debt Service Suspension Initiative (DSSI).Liu said China…


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