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Monday, 14 January 2013

From China with debts, 2nd Edition

More borrowing from China. China recently signed a K65m ($13m) interest-free loan towards the "poverty reduction projects". To sweeten the deal, an additional grant of K16m ($3m) was added. The Ministry of Finance says the funds will be utilised to eradicate poverty and finance other projects, which will be mutually agreed upon by the two governments. More detail via Daily Mail

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