Africa in Debt to Brazil: Forgiveness Isn’t Always Free

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RIO DE JANEIRO - the Brazilian government is projecting its cancellation of nearly 900 million US dollars in debt owed by a dozen African countries as a gesture of solidarity.
But others see this as a way to expand this South American country’s economic and political influence in the continent.

The decision by Dilma Rousseff’s government is being studied by Congress, and will especially benefit the Republic of Congo, which owes 350 million dollars, Tanzania (237 million), and Zambia (113 million). (END//2013)

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