Malawi: China's $20 Million Debt Relief - Lifeline or Leverage?

Malawi: China's $20 Million Debt Relief - Lifeline or Leverage?

China's decision to cancel two debts worth $20 million has been met with smiles and handshakes. On the surface, it looks like good news: a friendly nation helping Malawi breathe a little easier during hard economic times.

China cancels Malawi's $20m debt

Debt-stressed Malawi has received a $20 million (about K35 billion) respite from the Chinese Government which has also extended repayment period for some loans to 48 years to help ease the country’s financial burden. Chinese Ambassador Lu Xu, speaking on the sidelines of the launch of a week-long orientation exercise of the 2025-2030 cohort of legislators in Lilongwe yesterday, said her country’s decision to write off part of Malawi’s interest-f…

China to cancel Malawi’s $20 million debt

China is set to write off two debts for Malawi worth a combined $20 million (about K35 billion) which matured last year, Chinese Ambassador Lu Xu said Monday. The debt relief is on top of a $206 mi…

China Cancels Malawi’s $20 Million Debt as Part of Strengthened Bilateral Ties

By Suleman Chitera, Lilongwe, Malawi The Government of China has cancelled two of Malawi’s debts amounting to approximately $20 million, a move aimed at easing Malawi’s economic burden and strengthening cooperation between the two nations. Chinese Ambassador to Malawi, Lu Xu, made the announcement in Lilongwe on Monday during the orientation meeting for newly elected Members of Parliament. Peter Mutharika: The Patriot President Malawi Still Miss…

China Forgives Malawi $20 Million in Debt

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 peri…