Russia forgives $20 billion of African debt

Russia Leads By Example – Pardons Poorest African Countries $20 Billion Debt

Russ Fort,

2 April, 2018

Russia has written off debts to the poorest countries of the African continent in the amount of $ 20 billion, said Russia’s first deputy ambassador to the United Nations, Dmitry Polyansky.

“Our country is taking steps to alleviate the debt burden of African countries. The debt for the heavily indebted poor countries has been written off by more than $ 20 billion, inclusive of “debt-for-development” programs, ” said Polyansky during his speech at the meeting of the Security Council on the situation in the Democratic Republic of the Congo.

He added that the Russian Federation is allocating funds for the implementation of international assistance programs for African countries through the IMF, the World Bank, WHO, the United Nations Children’s Fund, the World Food Program and the International Civil Defense Organization.

“We also render assistance in the field of healthcare, our country was one of the first to react to the epidemic of the Ebola fever, allocating over $ 60 million for fighting it,” the Russian diplomat noted.