Sunday, September 27, 2015

Xi Jinping Announces $2Bln Financial Aid for Developing Countries

Chinese President Xi Jinping said Saturday that a fund to assist developing countries in the 2030 development agenda implementation would be established.

On Friday, the international community adopted 17 sustainable development goals with an aim of ending such global problems as poverty and inequality, among other issues, by 2030.

Xi vowed that China would increase its total investment in the least developed countries to $2 billion by 2030.

"China will establish an assistance fund for South-South cooperation [of developing countries], with an initial pledge of $2 billion in support of developing countries' implementation of the post-2015 development agenda," Xi said in his speech on the Sustainable Development Goals.

The 2030 agenda is set to come into force on January 1, 2016, and replace the current Millennium Development Goals.

  (Sputnik)
26/9/15 
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1 comment :

  1. Chinese President Xi Jinping announced at the United Nations on Saturday a major initiative to help developing countries reduce poverty....

    The "Six 100s" initiative, declared at a South-South cooperation roundtable Xi hosted, covers poverty reduction, agriculture, trade, environment, health and education.

    Xi said in an address that China will make available to developing countries in the next five years 100 poverty reduction programs, 100 agricultural cooperation projects, 100 trade promotion programs, 100 environment protection and climate change programs, 100 hospitals and clinics, as well as 100 schools and vocational training centers.

    During the period, Beijing will also provide 120,000 opportunities and 150,000 scholarships for citizens of developing countries to receive training and education in China, and help nurture 500,000 professional technicians for the developing world, Xi added.

    China will also set up an Academy of South-South Cooperation and Development, and provide 2 million U.S. dollars of aid in cash for the World Health Organization, said the president.

    Xi is in New York for his appearance at the UN headquarters after concluding his first state visit to the United States. Earlier Saturday, he addressed the United Nations Sustainable Development Summit and called for an equitable, open, all-round and innovation-driven development path.

    For effective implementation of the post-2015 development agenda, Xi made a four-point proposal: building up development capacities; improving the international development environment; updating development partnerships, and strengthening development coordination mechanisms.
    http://www.china.org.cn

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