China is promising to write off some loans to Africa. It may just be a drop in the ocean

China has become one of Africa's largest creditors in recent years, lending hundreds of billions of dollars to governments to build roads, railways and ports. Now it's promising to write off a small part of that debt as countries on the continent battle the Covid-19 pandemic.

source https://www.cnn.com/2020/06/19/economy/china-xi-jinping-africa-intl-hnk/index.html