China Paves the Way for Debt Relief

Gesara.news » News » China Paves the Way for Debt Relief

Share via:

News Date: April 26, 2024

China's central bank is pushing for fair burden-sharing among creditors in debt restructurings for emerging market countries, indicating a proactive stance on global debt issues.
China's recent move to write off undisclosed amounts of Zimbabwe's interest-free loans aligns with its commitment to assist African nations burdened by external debt.
Since 2000, China has made debt relief a norm, providing crucial support to sub-Saharan African countries without imposing strict conditions.
This approach could influence other lenders and boost investor confidence, ultimately attracting further financial support for debtor nations.
Read also: World Bank President:China needs to participate in debt relief

China will forgive 23 loans for 17 African nations

China has pledged to forgive 23 interest-free loans for 17 African countries and will also provide food assistance to the struggling nations, China's foreign minister Wang Yi said at the Forum on China-Africa Cooperation.
Mr. Wang also announced to increase imports from Africa, support the greater development of Africa's agricultural and manufacturing sectors, and expand cooperation in emerging industries.
Sources: news.com.au

World Bank Looking to Trim Poor Nations Debt

The World Bank is looking at ways to reduce the amount of debt owed by poor countries, rather than simply delaying payments, to attract more investors in the wake of the global pandemic and recession, President David Malpass said.
President of the WorldBank Group remarked to G20 Finance Ministers & Central Bank Governors: I emphasized the need for further progress on Debt Suspension, Debt Reduction, Debt Resolution, Debt Transparency.
Sources:gesara.news, finance.yahoo.com

Digital Currency Backed by Gold Bill in Texas

Texas Lawmakers Introduce Bills to Create Digital Currency Backed by Gold.
The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust as provided by this chapter.
Source: capitol.texas.gov

White House is green. The endgame

St. Patrick was good. The white house is green. Know what I mean?
Is it GO TIME for the ENDGAME (last stage) and time for the traitors.
This is about Revelation. The Beast to be exposed!
Sources: www.youtube.com

Iraq, one more brick to GESARA

The Iraqi Prime Minister has expressed interest in joining BRICS, pending an invitation from the founding members, showcasing Iraq's desire to strengthen its global ties.
Furthermore, Iraq is set to ban cash withdrawals and U.S. dollar transactions from January 1, 2024, signaling a shift in its financial strategy and greater economic autonomy.
These developments underline Iraq's proactive stance in international affairs.
The Iraqi Dinar (IQD) is experiencing a significant surge in the Foreign Exchange (FOREX) market, marking a turning point for Iraq's currency.
Several factors, including economic recovery, global recognition of Iraq's gold & oil reserves, and proactive measures by the government and central bank, have contributed to the IQD's newfound strength.
This surge is not only attracting investors but also enhancing Iraq's role in international trade. Ultimately, the IQD's rise is empowering both Iraq's economy and its citizens by increasing purchasing power and economic opportunities.