China defers repayment of Tonga’s multi-million loan


China has deferred Tonga’s repayment of its $119 million Pa’anga loan indefinitely, the Prime Minister Lord Tu’ivakano told the Tongan parliament this morning, 18 September.

Tonga was scheduled to start repaying its loan from the Exim Bank of China, this coming Saturday, 21 September.

via China defers repayment of Tonga’s multi-million loan | Matangi Tonga.