PRC FM Wang Yi Announces Some Loan Forgiveness at China-Africa Cooperation Forum

8/26 update: The Economist August 24 issue discussed the difficulty some developing counries will have in repaying some of China’s loans to them and suggested that some debt forgiveness will be necessary in the article entitled “Faced with an overseas debt crisis, will China change its ways?

In Chinese Foreign Minister Wang Yi’s statement at the China-Africa Cooperation Forum:

China will forgive 23 interest-free loan debts of 17 African countries due to China by the end of 2021. 

China is not a member of the Paris Club of aid-to-Africa providing countries that considers changes and forgiveness on loans that have become unsustainable. Terms of Chinese loans to African countries are sometimes not published and become controversial. I remember that was true in Malawi where I worked at the U.S. Embassy ten years ago. Not being part of a multilaterial club of creditor nations, China naturally announces this kind of decision by itself. This announcement could be an escape hatch to put past controversies behind.

The Paris Club (FrenchClub de Paris) is a group of officials from major creditor countries whose role is to find co-ordinated and sustainable solutions to the payment difficulties experienced by debtor countries. As debtor countries undertake reforms to stabilize and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment.

Paris Club creditors provide debt treatments to debtor countries in the form of rescheduling, which is debt relief by postponement or, in the case of concessional rescheduling, reduction in debt service obligations during a defined period (flow treatment) or as of a set date (stock treatment).[1]

Wikipedia article on the Paris Club

I added bolding to some parts of the text that seem more interesting. Perhaps there can be some virtuous competition between China and some other countries that provide aid and assistance to China.

When pundits look at the future, they sometimes relie on simple extrapolations. Will China keep growing forever? Perhaps that is what makes people fear China overmuch. China has very great problems of its own political, economic and demographic. U.S. foreign policy should look at the entire world and not focus overmuch on China as seems to be the tendency these days. Letting US – China relations dominate US foreign policy would be reactive and a bit adolescent.

The lodestar for a better approach must be the world that the United States seeks: what it wants, rather than what it fears. Whether sanctions or tariffs or military moves, policies should be judged on the basis of whether they further progress toward that world rather than whether they undermine some Chinese interest or provide some advantage over Beijing. They should represent U.S. power at its best rather than mirroring the behavior it aims to avert. And rather than looking back nostalgically at its past preeminence, Washington must commit, with actions as well as words, to a positive-sum vision of a reformed international system that includes China and meets the existential need to tackle shared challenges.

From Jessica Weiss, “The China Trap
U.S. Foreign Policy and the Perilous Logic of Zero-Sum Competition”
in Foreign Affairs, September/October 2022

Jessica Weiss’ article reminds me of President Kennedy’s speech at American University.

I suspect that decades from now future Africa will have a much greater weight in the world than it has today.

Promoting China-Africa friendship and strengthening solidarity and cooperation to build a new era of common development between China and Africa

— Address by State Councilor Wang Yi at the Coordinators’ Meeting on the Implementation of the Outcome of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation

2022-08-19 00:29

(August 18, 2022, 20:00)

Dear Ms. Aissata, Minister of Foreign Affairs of Senegal.

Distinguished representatives of the various sub-regional member states of the AU Executive Board and of the successive African Co-Chairs of the Forum on China-Africa Cooperation.

Distinguished African Ambassadors to China.

Welcome to the meeting of the coordinators for the implementation of the outcomes of the Forum on China-Africa Cooperation. It is a great pleasure to meet online with our brothers and sisters from Africa.

In November last year, with the joint efforts of China and Africa, the 8th Ministerial Conference of the Forum was successfully held in Dakar, Senegal. The meeting adopted four outcome documents, including the Dakar Declaration, and President Xi Jinping announced the launch of the “Nine Projects” of China’s cooperation with Africa. The conference was very friendly and practical, and was of great significance in promoting the traditional friendship between China and Africa, consolidating China-Africa solidarity and cooperation, and promoting the building of a China-Africa community of destiny in the new era.

More than half a year after the conference, we are glad to see that although the international situation is changing, global challenges are emerging, and some external disturbances are showing up from time to time, China and Africa have maintained their determination, united in good faith and focused on cooperation, and made good progress in implementing the conference outcomes, bringing real benefits to the African people.

— We jointly safeguard international fairness and justice. In the face of the various forms of power and bullying in the world today, China and Africa stand shoulder to shoulder. We appreciate that African countries firmly adhere to the one-China principle and firmly support China in safeguarding the sovereignty, security and territorial integrity of the country. China has also done justice for our African brothers and sisters at the United Nations and other multilateral occasions, and opposed any unjustified interference and unilateral sanctions against Africa. China-Africa solidarity and cooperation have become the backbone of safeguarding the legitimate rights and interests of developing countries, the backbone of upholding the purposes of the UN Charter, and the backbone of upholding multilateralism and international fairness and justice.

— We jointly focus on development cooperation. Since the Dakar Conference, a large number of major projects have been completed, such as the Fangjiuni Bridge in Senegal, the Kenya Airport Expressway, the Kribi-Lolabe Expressway in Cameroon, and the “Ramadan 10-day City” suburban railroad in Egypt, which have effectively contributed to the industrialization of Africa. The process of industrialization in Africa has been greatly facilitated. The commitments made by China at the Dakar Conference are being steadily implemented in spite of the difficulties and disturbances. The $10 billion credit line provided by China to African financial institutions has been implemented to the tune of $3 billion, and nearly $2.5 billion has been lent to key projects in Africa. We are ready to transfer $10 billion in SDRs to Africa through two International Monetary Fund (IMF) trust channels and push the IMF to target Chinese funds in Africa’s direction.

— We are working together to address the global food crisis. So far this year, China has signed an exchange of letters with 12 African countries on 98% of products exported to China with zero tariffs. China has provided emergency food aid to Djibouti, Ethiopia, Somalia, Eritrea and other countries. A new batch of agricultural products with African characteristics entered the Chinese market through the “green channel”. The first four “China-Africa Joint Centers for Modern Agricultural Technology Exchange, Demonstration and Training” were inaugurated. Chinese enterprises increased investment in African agriculture, expanded food cultivation, and helped African farmers create jobs and get rid of poverty through the “100 Enterprises and 1,000 Villages” initiative.

— We are working together to build a solid barrier against epidemics. China has provided 189 million doses of the Covid vaccine to 27 African countries, and the annual production capacity of localized cooperative production in Africa has reached about 400 million doses. The headquarters building of the African Center for Disease Control and Prevention has been structurally roofed and will be completed early next year. The upgrade project of Chinese Guinea Friendship Hospital has been completed, and counterpart hospitals in South Sudan, Central Africa, Chad and Malawi have completed their projects. China has sent 332 new medical team members, and nearly 1,000 medical team members in Africa have provided 250,000 outpatient services, performed more than 30,000 surgeries, rescued more than 4,500 critical patients, and trained 3,600 local medical personnel. African students from China have returned to school one after another, and 14 Chinese vocational colleges and universities have formed partnerships with 13 African colleges and universities.

–We are jointly committed to resilient and sustainable development. The two sides have expanded cooperation in solar energy, wind energy and other clean energy, and key projects such as the Lower Kefu Gorge Hydropower Station in Zambia have been put into operation one after another. The two sides have successfully organized workshops on the construction of the Great Green Wall of Africa, implemented South-South cooperation projects to address climate change in Botswana and Burkina Faso, carried out the construction of low-carbon demonstration zones in Seychelles, and supported Madagascar and Mozambique in coping with hurricane disasters and enhancing disaster prevention and mitigation capabilities.

–We will work together to promote regional peace and stability. China has put forward the “Concept of Peaceful Development in the Horn of Africa”, appointed a special envoy for the Horn of Africa, and supported regional countries in organizing peace conferences in the Horn of Africa. The second China-Africa Peace and Security Forum and the seminar on the security situation in the Gulf of Guinea were successfully held. China continues to provide non-reimbursable military aid to countries in the Sahel, the Horn of Africa, the Gulf of Guinea and other regions, and to provide police supplies to countries in Central Africa and Namibia, supporting regional countries to enhance their capacity to maintain stability and promote peace.

Colleagues and friends, China-Africa cooperation has been hard-won and the prospects are promising. If China-Africa cooperation is done well, there will be more new momentum for global development, more positive energy for world stability, and more new hope for all peoples. We firmly believe that China-Africa friendship can withstand tests and storms, and will continue to be the backbone of South-South cooperation and a model of international relations.

Later this year, the Communist Party of China will convene its 20th National Congress to start a new journey of building a comprehensive socialist modern state. This year is also the 20th anniversary of the AU, and Africa will have a new opportunity for development. Standing at the new historical starting point, China and Africa should unite more closely to accelerate the path of common development and common revitalization, and truly build a community of destiny between China and Africa in the new era. I would like to take this opportunity to make five suggestions.

First, we should adhere to truthfulness and sincerity and strengthen solidarity. China will continue to implement President Xi Jinping’s concept of truthfulness and sincerity and the correct concept of righteousness and benefit, work with Africa as a partner of mutual respect, equal treatment and sincere cooperation, firmly support African countries to follow their own path, and firmly support African countries to unite and strengthen themselves. China supports the African Union joining the G20, supports Uganda in organizing a new high-level meeting of the Non-Aligned Movement, and is ready to work with the African side to promote the five principles of peaceful coexistence, practice genuine multilateralism, and jointly safeguard the legitimate rights and interests of developing countries.

Secondly, we will be down-to-earth and strive for common development. China will continue to take the needs of the African side as the starting point for cooperation with Africa, work with the African side to implement the “nine projects” and continue to promote the “Belt and Road” cooperation with high quality. China will forgive 23 interest-free loan debts of 17 African countries due to China by the end of 2021. We welcome and support the decision of Tanzania and Zambia to reactivate the Tanzanian Railway. China will continue to actively participate in Africa’s major infrastructure construction through financing, investment and assistance, while continuing to expand imports from Africa, support the development and growth of Africa’s agriculture and manufacturing industries, and expand cooperation in the digital economy, health, green and low-carbon industries. Not long ago, President Xi Jinping, focusing on the common demands of developing countries, proposed a global development initiative and announced the integration and upgrading of the South-South Cooperation Assistance Fund into the Global Fund for Development and South-South Cooperation, with additional funding for this purpose. China has launched the construction of a global development project bank and welcomes applications from African countries.

To address the food shortage in Africa, the Chinese government has decided to provide a new batch of food aid to 17 African countries in need this year, and encourage more enterprises to invest in agricultural production and processing in Africa to help Africa achieve food self-sufficiency.

Thirdly, we will insist on independence and promote regional peace together. China will continue to support African solutions to African problems, oppose interference in the internal affairs of African countries by external forces, and oppose the creation of confrontation and conflict in Africa. China is willing to speed up the implementation of military assistance to the AU and regional countries, enhance the capacity of Africa to combat terrorism and maintain stability, and help Africa realize the “silencing of the guns” initiative at an early date. China is willing to work with Africa to implement global security initiatives, increase investment in the China-UN Peace and Development Fund, and optimize the UN’s actions to maintain stability and promote peace in Africa.

Fourth, we will persist in passing on friendship and promoting people-to-people contacts. China will overcome the difficulties caused by the epidemic, actively promote the resumption of classes for African students in China, return as many as possible, resume offline short-term training in China in an orderly manner, and continue to increase commercial flights between China and Africa to facilitate the flow of people and business between China and Africa. China is actively preparing for the China-Africa Youth Entrepreneurship Competition, supporting the strengthening of exchanges and cooperation between think tanks, media, civil society organizations and young women on both sides, and constantly drawing closer the friendly feelings of the Chinese and African people.

Fifthly, we will insist on openness and win-win cooperation and promote the healthy development of international cooperation with Africa. China welcomes the international community’s continued interest in and support for Africa, and we are willing to carry out tripartite or multi-party cooperation in Africa with the consent of our African brothers. What Africa needs is a calm and friendly cooperation environment, not a cold war mindset of you lose and I win. What Africa welcomes is mutually beneficial cooperation for the benefit of the people, not the geopolitical rivalry of the great power game. After more than 20 years of development, the China-Africa Cooperation Forum has played a positive role in leading international cooperation with Africa in the right direction. Under the new situation, China is willing to work with our African friends to continue to promote the Forum mechanism and jointly polish this golden sign. We will actively consider institutionalizing the meeting of coordinators for the implementation of the outcomes of the Forum, and promote more resources for Africa, so that FOCAC will continue to be the flagship and benchmark of cooperation with Africa.

Thank you all!

Joint Statement of the Coordinators’ Meeting on the Implementation of the Outcome of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation

2022-08-18 23:59

On August 18, 2022, the Coordinators’ Meeting on the Implementation of the Outcomes of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) was successfully concluded. The meeting unanimously adopted the Joint Statement, which reads as follows.

In order to jointly promote the implementation of the outcomes of the 8th Ministerial Conference of the Forum on China-Africa Cooperation, Wang Yi, State Councillor and Minister of Foreign Affairs of the People’s Republic of China, Aissata Tall-Sale, Minister of Foreign Affairs and People Abroad of the Republic of Senegal, Téte António, Minister of Foreign Affairs of the Republic of Angola, Paluku Kahungiya Julian, Minister of Industry of the Democratic Republic of Congo, Samiha Shoukry, Minister of Foreign Affairs of the Arab Republic of Egypt The meeting was held by video-link on August 18, 2022, with the Deputy Prime Minister and Minister of Foreign Affairs of the Federal Democratic Republic of Ethiopia, Demeke Mekonnen, Undersecretary of the Ministry of Foreign Affairs and International Cooperation of the Government of National Unity of Libya, Omar Keti, Deputy Minister of International Relations and Cooperation of the Republic of South Africa, Candice Masigho Dlamini, and Vice Chairperson of the African Union Commission, Monique Nsanzabaganwa.

The two sides highly appreciated the outcome of the 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) held in Dakar, Senegal, from November 29 to 30, 2021. The two sides appreciated the “nine projects” of cooperation between China and Africa announced by President Xi Jinping at the opening ceremony of the Forum. The two sides appreciated the roadmap for strengthening China-Africa relations in the spirit of friendship, solidarity, trust and respect proposed by President Macky Sall of Senegal, co-chair of the African side of the Forum. The two sides recalled the Dakar Declaration, the Vision 2035 of China-Africa Cooperation, the Declaration on China-Africa Cooperation in Addressing Climate Change and the Dakar Plan of Action (2022-2024) adopted at the meeting, and reaffirmed that they would work together to implement the outcomes of the meeting, promote new and greater achievements in China-Africa cooperation, and promote the building of a new era of China-Africa community of destiny. China and Africa reached the following consensus at this meeting.

First, we appreciate the initiative of China and Senegal, co-chairs of the Forum on China-Africa Cooperation, in organizing this Coordinators’ Meeting, and are pleased to see that since the conclusion of the 8th Ministerial Conference of the Forum, the two sides have reached a large number of important cooperation results and achieved important early harvest. The two sides will continue to push forward the implementation of the “nine projects” and the follow-up actions of the Dakar Plan of Action (2022-2024) in an orderly and efficient manner, so as to promote China-Africa cooperation to enhance its quality and efficiency and benefit more the Chinese and African people.

China warmly congratulates the AU on its 20th anniversary and highly appreciates the important achievements made by the AU over the past 20 years in leading African countries on the road to unity and self-improvement, development and revitalization. The two sides will take the 20th anniversary of the establishment of the AU and the 20th anniversary of the establishment of diplomatic relations between China and the AU as an opportunity to continue to strengthen the dovetailing with the AU’s Agenda 2063 flagship projects and related frameworks while carrying out bilateral cooperation, so as to promote China’s comprehensive strategic partnership with the AU and China-Africa to a new level.

3. Reaffirm our firm commitment to uphold the purposes and principles of the UN Charter, the international system with the UN at its core and the international order based on international law, including the primary task of maintaining international peace and security undertaken by the Security Council. We also oppose unilateralism and power politics, racial discrimination, and confrontation between groups and divisions.

Reiterates its firm support for each other in safeguarding national territorial integrity, sovereignty, security and development interests, that there is only one China in the world, that Taiwan is an inseparable part of Chinese territory, and that the Government of the People’s Republic of China is the sole legitimate government representing all of China. The African side reaffirmed its commitment to the one-China principle, its support for China’s reunification and its efforts to safeguard national sovereignty and territorial integrity.

China supports the adoption of the Resolution on the Impact of Sanctions and Unilateral Coercive Measures on AU Member States at the 35th AU Summit, strongly condemns any country that exerts political and economic pressure on other countries through unilateral coercive measures, and urges the lifting of these initiatives that violate the purposes and principles of the UN Charter.

Fourth, considering that the continued spread of the COVID-19 epidemic poses a serious challenge to global economic recovery as well as to the implementation of the outcomes of the Forum, the African side expressed its appreciation to China for its active and efficient provision of vaccines to African countries and the AU Commission since the outbreak of the epidemic, which has provided important support to the African side in enhancing its capacity to combat the epidemic. The two sides reaffirmed their support for the exemption of intellectual property rights of vaccines, and will continue to carry out joint production of vaccines and other anti-epidemic cooperation, complete the project of building the headquarters of the African CDC as soon as possible, and further strengthen cooperation in infectious disease prevention and control. The African side understands and supports China’s “dynamic zero” epidemic prevention policy.

Fifth, noting that the world is facing increasing security challenges, China reiterated its condemnation of any form of terrorism and violent extremism. China supports the implementation of the “Silencing the Guns Initiative”, congratulates the successful holding of the AU Special Summit in Malabo, Equatorial Guinea, on May 28, 2022, supports Africans in solving African problems in an African manner, and upholds the indivisibility of national security in Africa, and reaffirms the principle of non-interference in internal affairs. China called on the international community to provide financial and technical support to African-led counter-terrorism operations under the African Peace and Security Architecture mechanism.

The African side welcomed and supported President Xi Jinping’s Global Security Initiative, which it believes points out ways and paths for the global response to security, development and governance challenges. The two sides appreciated President Macky Sall’s initiatives during his term as AU Chairperson-in-Office on issues such as African economic revitalization, SDR redistribution, food, health and medical sovereignty, energy transition and global governance reform. The African side appreciated the Chinese side’s “Horn of Africa Peace Development Concept” and welcomed the convening of the first Horn of Africa Peace Conference.

We reiterate that we will continue to promote the Forum on China-Africa Cooperation mechanism, play the role of the Follow-up Committee of the Forum on China-Africa Cooperation, welcome the establishment of a sound follow-up mechanism, actively promote the “nine projects”, develop a pool of country-specific projects for implementation, strengthen the follow-up and evaluation of the Forum, and ensure efficient, pragmatic and smooth implementation of the Forum outcomes. The two sides will adhere to the principle of solidarity in the fight against the epidemic, and deepen the cooperation between the two sides.

The two sides will adhere to the principles of solidarity, deepen pragmatic cooperation, promote green development and safeguard fairness and justice, and promote the dovetailing of China-Africa high-quality cooperation in building the “Belt and Road” and global development initiatives with the AU Agenda 2063 and the development strategies of African countries, so as to promote the continuous quality and upgrading of China-Africa cooperation.

The two sides will further strengthen coordination and cooperation and continuously expand cooperation areas. On the basis of continuing to strengthen traditional areas such as infrastructure, investment and financing, agriculture, manufacturing and communications, deepen cooperation in new areas such as energy, digital economy, health, maritime economy, vocational education, women and youth development, and encourage Build-Operate-Transfer (BOT) and government-social capital cooperation (PPP) to help Africa industrialize and upgrade its position in the supply chain of the global industrial chain. China China supports helping Africa achieve food self-sufficiency through financing and private enterprise cooperation, promoting technology transfer, and supporting Africa’s economic development, employment promotion and poverty reduction. The two sides support gas-to-electricity projects to obtain investment and financing. China is willing to actively support the construction of African free trade zones, share the experience in the construction of free trade zones, increase African exports to China through “green channels” for agricultural products, tariff preferences for the least developed countries, and live Internet streaming of goods, etc., and continuously improve the scale and facilitation of China-Africa trade. The two sides are willing to pay attention to the special characteristics and vulnerabilities of small island countries in the implementation of the results of the forum.

China firmly supports Africa’s in-depth participation in the Group of Twenty (G20), BRICS and other platforms to further play a greater role in global governance and international affairs.

Seven, support all parties concerned to resolve the crisis in Ukraine through peaceful negotiations, call on the international community not to reduce its support and investment in Africa because of the Ukraine issue, actively help African countries deal with global issues such as food security, climate change and energy crisis, urge the international community to pay attention to Africa’s concerns in expanding development financing and promoting economic recovery, accelerate the process of transferring special drawing rights, and help Africa achieve autonomous The African side welcomes China’s support for China’s efforts to promote sustainable development.

The African side expressed its gratitude to China for its efforts in organizing the successful coordinator meeting.

弘扬中非友好 加强团结合作 打造中非共同发展的新时代

2022-08-19 00:29






















2022-08-18 23:59


















About 高大伟 David Cowhig

After retirement translated, with wife Jessie, Liao Yiwu's 2019 "Bullets and Opium", and have been studying things 格物致知. Worked 25 years as a US State Department Foreign Service Officer including ten years at US Embassy Beijing and US Consulate General Chengdu and four years as a China Analyst in the Bureau of Intelligence and Research. Before State I translated Japanese and Chinese scientific and technical books and articles into English freelance for six years. Before that I taught English at Tunghai University in Taiwan for three years. And before that I worked two summers on Norwegian farms, milking cows and feeding chickens.
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