Zimbabwe 'Coughs Up' China Loan Repayments

Zimbabwe has had to "cough up" $180 million in Chinese loan repayments or face losing its credit line, its finance minister said on Wednesday, in a sign Beijing is tightening its lending terms and expects debtors to be more accountable. In the absence of funding from Western countries, Zimbabwe's longtime President Robert Mugabe has increasingly sought help from China, which has lent the southern African country $1 billion over the last five years. Zimbabwe's total...

© La Voix de l'Amérique - mercredi 10 septembre 2014