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Tag Archives: World Bank

CHINA DISMISSES AFRICA DEBT FEARS AT START OF FM TOUR

Chinese Foreign Minister Wang Yi played down concern over Africa’s debts with Beijing on Thursday as he arrived in Ethiopia at the start of a four-nation Africa tour. China has funnelled cash and loans into infrastructure projects across the continent, where many African leaders consider Beijing’s terms a better deal …

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MOZAMBIQUE TURNS TO CHINA FOR FINANCIAL AID

The International Monetary Fund (IMF) and the World Bank recently suspended financial aid to Mozambique; the country seemed like it did not have a choice and turned to China for financial aid.   Mozambican President – Filipe Jacinto Nyusi went on a 5-day state visit to China in what is …

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