China

China bails out Republic of Congo with second debt restructure

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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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