China bails out Republic of Congo with second debt restructure


China has once again come to the rescue of the Republic of Congo, with President Xi Jinping agreeing to restructure the central African country’s US$2.4 billion worth of loans amid a debt crisis.In a call with Xi on Monday, President Denis Sassou Nguesso asked China to restructure the loans, according to officials in Brazzaville. Finance Minister Rigobert Roger Andely told a media briefing Xi had approved the request “and thanked him for this proposition”.Andely said a team would be appointed…



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