Brazil to cancel $900m in African debt

Brazil said on Saturday it plans to cancel $900 million (700 million euro) worth of debt in 12 African countries, as part of a broader strategy to boost ties with the continent.

“The idea of having Africa as a special relationship for Brazil is strategic for Brazil’s foreign policy,” presidential spokesman Thomas Traumann told AFP on the sidelines of African Union celebrations to mark 50 years of the continental bloc, attended by Brazilian President Dilma Rousseff.



Leave a Reply

Your email address will not be published.