Chinese President Xi Jinping. AP Photo
BEIJING – Chinese President Xi Jinping pledged Monday to provide $60 billion in financing for Africa’s development over the next three years at a summit with leaders from the continent.
The financing will include $15 billion in “free assistance and interest-free loans,” he said, in remarks meant to ease growing concerns that China’s assistance to developing nations is miring them in debt. /kga
RELATED STORY
Chinese president insists ‘no political strings attached’ to investments in Africa
MOST READ
LATEST STORIES