On August 18, Chinese Foreign Minister Wang Yi chaired, by video link from Beijing, the Coordinators’ Meeting on the Implementation of the Follow-Up Actions of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC).
At this meeting, Wang announced that China is forgiving 23 interest-free loans for 17 African nations. Writing on Multipolarista, the website he edits, Benjamin Norton notes:
“This is in addition to China’s cancellation of more than $3.4 billion in debt and restructuring of around $15 billion of debt in Africa between 2000 and 2019. While Beijing has a repeated history of forgiving loans like this, Western governments have made baseless, politically motivated accusations that China uses ‘debt-trap diplomacy’ in the Global South.”
Wang Yi’s speech contained a wealth of detail on the progress in China-Africa cooperation since the ministerial meeting was held last November, including that:
- China has completed major projects in Senegal, Kenya, Cameroon and Egypt.
- Provided emergency food assistance to Djibouti, Ethiopia, Somalia and Eritrea.
- Provided 189 million doses of anti-Covid vaccines to 27 African countries, with joint production capacity in Africa having now reached around 400 million doses.
- Undertaken resilient and sustainable development initiatives in Zambia, Botswana, Burkina Faso, Seychelles, Madagascar and Mozambique.
Presenting a number of proposals to develop the cooperation still further, Wang welcomed the initiative by Tanzania and Zambia to restart the Tazara railway, a huge project built by China in the 1970s to help those countries get out from the vice-like economic grip exercised by the countries to their south that were still under white racist and colonial rule.
On August 22, the Hong Kong newspaper South China Morning Post reported that, “the China Civil Engineering Construction Corporation has been appointed to carry out a feasibility study on the project, the Chinese embassy in Zambia announced.
“‘China is making every effort to prepare for the reactivation of the railway upon Zambian and Tanzanian request again,’ Chinese ambassador to Lusaka Du Xiaohui said, adding that Beijing will engage the Zambian and Tanzanian governments to explore ways to make Tazara profitable.”
Noting that some 70 Chinese workers and engineers sacrificed their lives in the course of building the railway, the newspaper further reported that, on August 10, Zambian President Hakainde Hichilema commissioned a memorial park in their honour in Chongwe, near to the national capital, Lusaka.
We reprint below the article by Benjamin Norton and the full text of Minister Wang Yi’s speech. They were originally carried respectively by Multipolarista and the website of the Chinese Foreign Ministry.
China forgives 23 loans for 17 African countries, expands ‘win-win’ trade and infrastructure projects
The Chinese government has announced that it is forgiving 23 interest-free loans for 17 African nations, while pledging to deepen its collaboration with the continent.
This is in addition to China’s cancellation of more than $3.4 billion in debt and restructuring of around $15 billion of debt in Africa between 2000 and 2019.
While Beijing has a repeated history of forgiving loans like this, Western governments have made baseless, politically motivated accusations that China uses “debt-trap diplomacy” in the Global South.
Continue reading Expanding China-Africa friendship and cooperation