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cancel debts

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See: liquidate


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Ndayiragije is accused of having personally decided last June to cancel debts owed by the electricity companies in the Democratic Republic of Congo and in Rwanda to a joint company that provides some of the power consumed by the three countries.
He also pledged to cancel debts of African countries to increase his country's role in the continent.
No details were given, but at the last forum in 2006, China pledged to double assistance to Africa by 2009, provide $5 billion in preferential loans and credits, cancel debts and establish a $5 billion fund to encourage Chinese investment.
 
 
 
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