China last month, in something of a coup for the G20, joined other members of the bloc in agreeing to suspend interest payments on all loans owed by dozens of low-income countries in a bid to ease pressure on developing economies ravaged by the coronavirus pandemic. 40 of the 73 countries that will benefit from the scheme which sees payments suspended till end of June and an extension of the repayment period, are in Africa but local economist Klaus Schade told Future Media News that the scheme will not benefit Namibia as we are not classified as a low income country.
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