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Mon, 05 Jun 2017 18:42 - Updated Mon, 05 Jun 2017 19:04

China agrees to partial write-off Angola's debt

Luanda - An agreement on partial write-off the Angolan debt to China was signed Monday in Luanda at the end of official talks between the countries delegations.

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Angola and China sign agreement on debt write-off

Photo: Joaquina Bento

minister of State and Head of the Security Office of the President of the Republic, Manuel Hélder Vieira Dias "Kopelipa" (right.) greets State Councilor of the Council of the People's Republic of China, Wang Yong (left.)

Photo: Joaquina Bento

The Angolan delegation to the talk was led by  minister of State and Head of the Security Office of the President of the Republic, Manuel Hélder Vieira Dias "Kopelipa".

Whereas, the Asian nation was represented by the State Councilor of the Council of the People's Republic of China, Wang Yong, who has been in Angola for four-day visit.

According to a source from Ministry of Foreign Affairs reached ANGOP, the protocol aims to support the development of Angolan economy and ease its debt burden, whose amount has not been disclosed.

Chinese side agreed to waive the obligations of the Angolan side in terms of repayment of the interest-free loan that had already entered the repayment period until the end of December 2015, the source said.

The process will be held under specific procedures to be made by the Chinese Development Bank and National Bank of Angola (BNA), as well as the Ministry of Finance.

The source adds that the Angola requested China to conduct a feasibility study of the Integrated Technological Training Center (CINFOTEC), a project of external aid to the Angolan government.

 "The expenses arising from the feasibility study, stands at RMB 1,300,000, will be carried out under the Agreement on Technical and Economic Cooperation between the governments of China and Angola signed on 5 June 2015," the sources stresses

The agreement, which led to friendly consultations between Angola and China, Angolan Secretary of State for Cooperation Angela, Bragança and China's ambassador to Angola, Cui Aimin.

Meanwhile, the Angolan Foreign Minister Georges Chikoti met with the Chinese official behind closed doors to address issues of common concern.

Tags Angola   China   Cooperação  

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