China cancels Ethiopia's debt-interest.

Position:Kaleidoscope - Brief article

In a golden ticket from Beijing, China has announced the cancellation of accumulated interest payments on all loans it provided to Ethiopia until the end of 2018.

The announcement was made by President Xi Jinping during his meeting with Ethiopian PM Abiy Ahmed in Beijing at the 2nd Belt and Road Forum for International Cooperation in Beijing.

Analysts estimate that since 2000, Ethiopia has borrowed over $12bn from China--including funding for the Addis Ababa-Djibouti electric railway line linking the country with its main export route.

Representatives from over 100 countries, including 40 leaders of foreign...

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