China Waives A Year's Worth of Cameroon Debt

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Update::
China says it has written off almost $78m (£60m) from Cameroon’s debt as part of measures to ease economic hardship in the central African nation, but analysts say it is a play for greater access to resources.
The debt relief announcement was made on Friday shortly after a meeting between President Paul Biya and Yang Jiechi, a special representative of China's President Xi Jinping.
Cameroon’s total debt burden to China stands at almost $5.7bn (£4.4bn), according to figures from the Autonomous Sinking Fund, the public entity that manages Cameroon’s external debt.
The sum of $78m that has been wiped is money that should have been paid in 2018, but which Cameroon failed to pay.

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