Accessibility links

Breaking News

Brazil Eases Debt Burden For 12 African Nations

Brazil's government says it is canceling or restructuring nearly $900 million in debt owed by 12 African nations.

The announcement came as Brazil's President Dilma Rousseff visited Addis Ababa for the African Union summit.

Easing the debt is part of a Brazilian program to bolster Africa's infrastructure, agriculture, and social programs.

Brazil is one of the world's largest economies, with a gross domestic product of $2.4 trillion dollars.

Some information for this report was provided by Reuters.