China Says It Has Given Us 2 1b Of Debt Relief To Poor Countries

China has extended debt relief to developing countries worth a combined US$2.1 billion under the G20 framework, the highest among the groupࢀ™s members in terms of the amount deferred, the countryࢀ™s Finance Minister Liu Kun said on Friday (Nov 20). Liuࢀ™s comments come as African countries, hammered by the COVID-19 pandemic, face another debt crisis, and will need more long-term help than the latest G20 Debt Service Suspension Initiative (DSSI) offers them to ward off trouble ahead and keep much-needed investments coming in. The China International Development Cooperation Agency, the countryࢀ™s aid agency, and the Export-Import Bank of China, the…