Urgent calls for international aid and climate action mounted Friday after the stongest cyclone to ever hit Mozambique made landfall just weeks after another powerful storm ravaged the impoverished African country.
“The families whose lives have been turned upside down by these climate-related disasters urgently need the generosity of the international community to survive over the coming months,” Mark Lowcock, the United Nations humanitarian chief, said in a statement (pdf). Continue reading →
In response to accusations of encouraging “debt trap” diplomacy in Africa, Chinese President Xi Jinping said the announced aid package is not “a scheme to form an exclusive club or bloc against others. Rather it is about greater openness, sharing and mutual benefit.”
Chinese President, Xi Jinping addressing African Leaders during the 2015 China-Africa summit held in South Africa. Photo: ICiR
Chinese President Xi Jinping has offered a $60 billion aid package to African countries over the next three years, in response to the continent’s increasing debt distress — with no strings attached.
China’s investment plans include $5 billion in African exports, $10 billion for development, and $15 billion grants and interest-free loans. A $20 billion credit line will also be included, as well as emergency food aid, scholarships and vocational training, and increased agricultural development. Continue reading →