China stops short of Africa debt relief as it pledges more cash

China stopped short of providing the debt relief sought by many African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. The Forum for China-Africa Cooperation (FOCAC) launched in 2000 took on an enhanced role after the 2013 inception of President Xi Jinping’s Belt and Road … Continue reading China stops short of Africa debt relief as it pledges more cash