{"id":115415,"date":"2021-06-22T16:07:48","date_gmt":"2021-06-22T23:07:48","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=115415"},"modified":"2021-06-22T16:07:48","modified_gmt":"2021-06-22T23:07:48","slug":"china-bails-out-republic-of-congo-with-second-debt-restructure","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2021\/06\/22\/china-bails-out-republic-of-congo-with-second-debt-restructure\/","title":{"rendered":"China bails out Republic of Congo with second debt restructure"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><span class=\"article-author__name\" data-v-5211ef3c=\"\"><a class=\"article-author__name-link\" style=\"color: #0000ff;\" href=\"https:\/\/www.scmp.com\/author\/jevans-nyabiage\" data-v-5211ef3c=\"\" data-v-22ae94a0=\"\">Jevans Nyabiage \u00a0<\/a><\/span>Courtesy The South China Morning Post<\/em><\/span><\/h2>\n\n\n<ul class=\"wp-block-list\"><li>Xi Jinping responds positively to direct appeal from his Brazzaville counterpart to renegotiate terms of US$2.4 billion loans<\/li><li>A renewed agreement with Chinese lenders will help the central African country unlock funding from the IMF<\/li><\/ul>\n\n\n\n<p>China has once again come to the rescue of the&nbsp;<a href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3007998\/chinas-vast-investment-africa-hits-snag-congo\">Republic of Congo<\/a>, with President&nbsp;<a href=\"https:\/\/www.scmp.com\/topics\/xi-jinping\">Xi Jinping<\/a>&nbsp;agreeing to restructure the central African country\u2019s US$2.4 billion worth of loans amid a debt crisis.<\/p>\n\n\n\n<p>In a call with Xi on Monday, President Denis Sassou Nguesso asked China to restructure the loans, according to officials in Brazzaville. Finance Minister Rigobert Roger Andely told a media briefing Xi had approved the request and thanked him for this proposition\u201d.<\/p>\n\n\n\n<p>Andely said a team would be appointed with representatives from both sides to agree on the terms and conditions of the debt restructuring deal.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jevans Nyabiage \u00a0Courtesy The South China Morning Post Xi Jinping responds positively to direct appeal from his Brazzaville counterpart to renegotiate terms of US$2.4 billion loans A renewed agreement with Chinese lenders will help the central African country unlock funding from the IMF China has once again come to the rescue of the&nbsp;Republic of Congo, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-115415","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/115415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=115415"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/115415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=115415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=115415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=115415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}