China has announced that it has forgiven two debts owed by Malawi, totaling approximately $20 million.

Chinese Ambassador to Malawi, Lu Xu, made the announcement in Lilongwe on Monday during a training session for newly elected members of Parliament.

Ambassador Xu described the debt cancellation as a significant step forward, adding that China is also reviewing other outstanding debts Malawi owes, with the possibility of extending repayment periods.

Source: Times 360 Malawi

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