News Comoros Debt: AfDB Approves Debt Relief for Comoros
Press Release - The Board of Directors of the African Development Bank Group has approved debt relief for the Union of the Comoros following the country's attainment of the completion point under the enhanced Highly Indebted Poor Countries Initiative (HIPC). The Board also approved the Comoros' eligibility to benefit from the Multilateral Debt Relief Initiative (MDRI) to the tune of US $76.9 million.
News Comoros Debt: Facing Mounting Debt, Sri Lanka Requests Chinese Debt Forgiveness
Sri Lanka's request comes amid fears of economic instability. During Chinese foreign minister Wang Yi’s visit to Sri Lanka over the weekend, Sri Lankan president Gotabaya Rajapaksa urged Yi to ...
News Comoros Debt: China is not trapping Africa in debt: foreign minister
China's Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a "narrative" pushed ...
News Comoros Debt: Sri Lanka Seeks Chinese Debt Restructuring Amid Crisis
The president of debt-ridden Sri Lanka has asked China for the restructuring of its loans and access to preferential credit for imports of essential goods, as the island nation struggles in the throes ...
