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Why did China cancel the debt of 17 African countries? Hello friends. China, one of the world's largest creditors in general and many African countries in particular, recently announced that it will cancel 23 interest-free loans for 17 African countries. And he transferred 10 billion dollars from China, in the reserve fund of the International Monetary Fund to the countries of this continent. So why is China doing this? . Let's discuss in today's video. According to World Bank data, China accounts for 40 percent of the total bilateral and private debt that the world's poorest countries need to repay this year. However, the general economic situation is difficult due to the pandemic, the war and the high prices of energy raw materials. .

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