A large meeting has been held on the debts of Africa and China

A large meeting has been held on the debts of Africa and China.

The long-standing tensions between the major international lenders and China were revealed at a meeting in Anhui province in China, where participants sought an agreement on the future status of some heavily indebted countries, the majority of which are African countries. Representatives of the international financial organization IMF, the World Bank and the Ministry of Finance of China, have participated in the meeting that discussed how to set new debt repayment plans for low-income countries, 60 percent of which the IMF says are one with a difficult situation to pay . debts or are about to fail to pay their debts. Zambia was the first African country to default on its debts in 2020 and led its creditors to agree to forgive the debts owed.