Promised Assistance To Africa: China Wants Implementation Procedures Speeded Up

President Xi Jinping in 2015 pledged about 36,274 Billion FCFA for the continent.

 

Chinese President, Xi Jinping, in December 2015 in Johannesburg, South Africa, promised 60 Billion US Dollars (about 36,274 Billion FCFA) to boost Africa’s development in the next three years. The announcement concerning 10 key areas such as agriculture, infrastructure, green development, trade and investment, poverty alleviation, health care, peace and security, etc, was made at the second Forum on China-Africa Cooperation, FOCAC Summit.

Speaking at a press conference in the Chinese capital, Beijing, on March 28, 2017, senior Chinese officials spoke of the need to speed up the implementation of the promised assistance. The briefing for 27 African journalists on an exchange programme was jointly organised by the Chinese Ministries of Foreign Affairs and Commerce. According to Dong Wang, Director for African and West Asian Affairs in the Ministry of Commerce, all 54 African nations need to be precise as to which project they wish to invest in and also pay attention to time lines.

“The two sides need to agree on the mode of cooperation and put in place multi-layer levels communication to ease work,” Wang noted. He stressed the importance of conducive environment for doing business, promising that China will offer training to Africans. He said economic cooperation is the cornerstone of China’s diplomatic relations with the continent, recalling that President Xi Jinping made his first foreign trip to Africa after coming to power in 2012. Since 2000, China’s relations with Africa have reached new levels.

FOCAC was established in 2000 and two summits have since been held. So far, nearly 50 per cent of the 36,274 Billion FCFA pledged at the Johannesburg Summit has already been assigned to ...

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