Tunis, Tunisia, 12 Jan – The city of Shanghai will host the 42nd annual meeting of the African Development Bank (ADB) following the China-Africa summit in Beijing last November, the governor of the Popular Bank of China, Zhou Xiaochuan said Thursday in Tunis.

Delegates from 77 ADB member countries and other international financial institutions, such as the World Bank and the International Monetary Fund (IMF), will be present at the meeting, to take place on May 16 and 17.

During a meeting with the Board of Directors of the bank, headed by governor Donald Kaberuka, Zhou announced the preparations underway for the May meeting and informed his audience about China’s position on China-Africa relations in terms of trade and financing.

At the China-Africa summit held in November, which brought together heads of state and government of 48 African countries, China’s President Hu Jintao announced billions of dollars in aid for Africa. (macauhub)