{"id":30260,"date":"2022-08-30T19:58:12","date_gmt":"2022-08-30T19:58:12","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan"},"modified":"2022-08-30T21:07:15","modified_gmt":"2022-08-30T21:07:15","slug":"china-forgives-malawi-k5-5-billion-loan","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan","title":{"rendered":"China forgives Malawi K5.5 billion loan"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Chinese government has relieved the Malawi Government from paying back K5.5 billion loan which Malawi took eleven years ago under late Bingu Wa Mutharika regime.<\/p>\n

The loan was taken in 2011 and it was meant for the repair works of Karonga \u2013 Chitipa road and another sum of the money was for the procurement of some Malawi Revenue Authority scanners.<\/p>\n

Making the announcement was Chinese Foreign Minister, Wang Yi who was speaking during the Forum on China-Africa Cooperation last week. Minister Yi said apart from Malawi, the Chinese government has also written off 23 interest-free loans for 17 African countries.<\/p>\n

He further indicated that the cancelation is part China\u2019s commitment towards cementing the working relationship with African countries. \u201cOver $3 billion has been delivered out of the $10 billion in credit facility China pledged to African financial institutions, and nearly $2.5 billion in loans were channeled to Africa\u2019s priority programmes.<\/p>\n

\u201cAll this is a demonstration of how the Chinese government backs up it\u2019s words on African development with concrete action,\u201d said Yi.<\/p>\n

Meanwhile, Malawi\u2019s Minister of Finance and Economic Affairs Sosten Gwengwe, has told the local media that this is the great news every Malawian would love to hear in as far as development is concerned. Gwengwe said the cancellation of the loan will help the country address some of its immediate needs, specifically budget financing.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Chinese government has relieved the Malawi Government from paying back K5.5 billion loan which Malawi took eleven years ago under late Bingu Wa Mutharika regime. The loan was taken in 2011 and it was meant for the repair works of Karonga \u2013 Chitipa road and another sum of the money was […]<\/p>\n","protected":false},"author":84,"featured_media":30259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,371,5118,171,3483,234],"class_list":["post-30260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-aid","tag-china","tag-donations","tag-malawi"],"yoast_head":"\nChina forgives Malawi K5.5 billion loan - Malawi<\/title>\n<meta name=\"description\" content=\"The Chinese government has relieved the Malawi Government from paying back K5.5 billion loan which Malawi took eleven ye ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China forgives Malawi K5.5 billion loan\" \/>\n<meta property=\"og:description\" content=\"The Chinese government has relieved the Malawi Government from paying back K5.5 billion loan which Malawi took eleven ye ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-30T19:58:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-30T21:07:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_1-630e7bc610193.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"835\" \/>\n\t<meta property=\"og:image:height\" content=\"509\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China forgives Malawi K5.5 billion loan\",\"datePublished\":\"2022-08-30T19:58:12+00:00\",\"dateModified\":\"2022-08-30T21:07:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_1-630e7bc610193.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Aid\",\"CHINA\",\"Donations\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-forgives-malawi-k5-5-billion-loan\",\"name\":\"China forgives Malawi K5.5 billion loan - 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