Tag Archives: debt relief

In a significant move, China has pledged nearly $51 billion in financial support for Africa, focusing on infrastructure projects and job creation amid ongoing concerns about debt diplomacy. The announcement was made by Chinese President Xi Jinping at the Forum on China-Africa Cooperation Summit held in Beijing.

Maldives President Mohamed Muizzu has expressed gratitude to India and China for their support in easing the country's debt repayment burden, enabling the Maldives to assert greater economic sovereignty. Addressing the official Independence Day function in the Maldives on Friday, Muizzu praised his administration's foreign policy and highlighted eight months of "diplomatic success."