China in Talks With Kenya for Debt Relief After Paris Club Deal
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China is in talks with Kenya on a debt-service suspension deal, its embassy in Nairobi said, days after the Paris Club agreed to delay $300 million in payments by the East African nation.
China signed payment suspension agreements with 12 African countries and gave waivers on mature interest-free loans for 15 African nations under the G-20 framework, the embassy said in an emailed statement, without providing details. The China International Development Cooperation Agency and the Export-Import Bank of China implemented all eligible debt suspension requests from the nations, it said.