China has cancelled the Democratic Republic of Congo’s interest-free loans that matured in 2020 and promised to fund infrastructure projects as the Central African nation joined the Belt and Road Initiative.Chinese Foreign Minister Wang Yi said Beijing would write off loans to DRC worth an estimated US$28 million to help the country overcome the impact of Covid-19, and give US$17 million in other financial support. Interest-free loans account for only about 5 per cent of the loans China has…



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