China, DRC Sign Three Agreements to Reduce Debt and Provide New Aid

Chinese ambassador to the DRC Zhu Jing and Foreign Affairs Minister Christophe Lutundula Apala posed for a ceremonial fist-bump at the Foreign Ministry in Kinshasa following the signing earlier this month of three new accords that will provide additional Chinese aid to the DRC while eliminating some of its zero-interest debt.

The various accords include a $15 million (100 million RMB) unrestricted grant and the cancellation of a $29 million zero-interest loan. The Chinese government also provided President Félix Tshisekedi’s office with a $2 million grant to help cover the expenses related to Kinshasa’s tenure as president of the African Union.

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The post China, DRC Sign Three Agreements to Reduce Debt and Provide New Aid appeared first on The China Africa Project.



source https://chinaafricaproject.com/2021/10/27/china-drc-sign-three-agreements-to-reduce-debt-and-provide-new-aid/

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