China cancels Ethiopia's interest-free loans, PM in Beijing for forum - News Summed Up

China cancels Ethiopia's interest-free loans, PM in Beijing for forum


China has cancelled all interest-free loans it had advanced to Ethiopia as at the end of year 2018, the Prime Minister Abiy Ahmed’s office confirmed on Wednesday. PM Abiy and a high-level delegation arrived in Beijing on Tuesday to attend the second Belt and Road Forum for International Cooperation (BRF), which starts today (April 25) and ends on April 27. Chinese Prime Minister Li Keqiang to discuss the further strengthening of Ethio-China relations, with the signing of five agreements. Leadership of the China Railway Construction Corporation ( CRCC )) China Export and Credit Insurance Corporation (Sinosure)State Grid Corporation of China, overseeing the signing of a $1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The first Belt and Road forum was held in 2017.


Source: Ethiopian News April 25, 2019 01:52 UTC



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