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Showing posts with the label nations

Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say

The French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans PARIS -- Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans , the French government announced Thursday on the sidelines of a global finance summit in Paris. The agreement covers loans from countries including France, the UK, South Africa, Israel and India as well as China — Zambia's biggest creditor at $4.1 billion of the total. The deal, announced by officials who spoke anonymously in accordance with the French government's customary practices, may provide a roadmap for how China will handle restructuring deals with other nation s in debt distress. The Inter nation al Monetary Fund approved the deal, meaning it’s going to allow Zambia to receive more financing from the institution, the French said. A representative from the IMF did not immediately respond to a request for c...

More European nations tighten COVID rules for China flights

France says it will require negative COVID-19 tests of all passengers arriving from China and is urging French citizens to avoid nonessential travel to China PARIS -- France, Spain and England will implement tougher COVID-19 measures for passengers arriving from China, authorities said Friday. France's government is requiring negative tests, and is urging French citizens to avoid nonessential Travel to China. France is also reintroducing mask requirements on flights from China to France. French health authorities will carry out random PCR tests at airports on passengers arriving from China to identify potential new coronavirus variants. The new rules take effect on Sunday, but officials said it would be a few days before they are fully in place. The U.K. government announced that anyone traveling to England on direct flights from China would be required to take a pre-departure test from Jan. 5. Health Secretary Steve Barclay said that the U.K. was taking a “balanced and precautio...