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China’s pledge to relieve the debt burden owed to it by some emerging market governments could ease near-term liquidity pressures in nations struggling with the fallout from the coronavirus pandemic, Fitch Ratings said on Wednesday.
Kenya, the Maldives, Ethiopia, Cameroon, Pakistan, Angola, Laos, Mozambique, Congo and Zambia are among countries with a significant share of their debt owed to China and eligible for debt relief, Fitch said.
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