Reuters AlertNet Lite - China to give Africa $5 bln in loans and credits

Reuters AlertNet Full site

NEWSDESK

China to give Africa $5 bln in loans and credits

04 Nov 2006 02:47:53 GMT
Source: Reuters

BEIJING, Nov 4 (Reuters) - China will provide $5 billion in loans and credits to Africa over the coming three years and double aid to the backward but resource rich continent by 2009, China's President Hu Jintao said on Saturday.

Hu told delegates from more than 40 African nations who gathered in Beijing that China would provide $3 billion in preferential loans and $2 billion in preferential buyer's credits to Africa.

"Our meeting today will go down in history," Hu told the China-Africa Summit.

China also would double its 2006 assistance to Africa by 2009 in an effort to forge a new type of strategic partnership and strengthen cooperation in more areas and at a higher level, Hu said.

AlertNet news is provided by

Email this article Send comments

Countries

Small country map
© 2004 Europa Technologies Ltd.

Reset map

• China profile
· View map

• Ghana profile
· View map

• Liberia profile
· View map

• Sudan profile
· View map

MORE >>

NGO latest

• International Study Tour Visits ADRA's Straw-Bale Housing Project in China
ADRA - International

• War Child Canada Bulletin - October 31, 2006
War Child - Canada

• ADRA Speaks on Improving Food Security at International Conference in Ghana
ADRA - International

• ACT Appeal: Yunnan Earthquake Assistance, China
ACT - Switzerland

• Aid agency warns of 'powder keg' in Darfur camp
Merlin - UK

MORE >>

Latest news

• China to give Africa $5 bln in loans and credits

• China's Hu greets African leaders for summit

• U.S. envoy says Sudan president refused to see him

• U.S. wants to head UN peacekeeping

• Rice says US wants concrete action from Pyongyang

MORE >>

Last updated:Sat Nov 4 02:49:34 2006