/ 19 July 2001

CHINA WRITES OF $18-MILLION ZANZIBAR DEBT

CHINA is to write off $18,6-million owed by Zanzibar in an effort to help boost the economy of Tanzania’s semi-autonomous off-shore state. The decision was announced during a meeting at State House here between a Chinese delegation and Zanzibar President Amani Karume. Karume said “the writing-off of this debt is a great relief to our country,” and appealed to other countries to follow the example. Karume said the debt burden was crippling the developing world and had become unbearable. – AFP

–>