The Cooperation Fund for Development between China and the Portuguese-speaking Countries has funded two projects since it was set up, one in Mozambique and another in Angola, and there are ten more being considered, said the secretary-general of the Permanent Secretariat of Forum Macau, Chang Hexi.

At the end of the ninth meeting of the Permanent Secretariat of the Forum, which analysed the work carried out in 2013 and scheduled for 2014, the secretary-general said that the project approved for Angola was in the electricity sector and that the projects under analysis focused on agricultural development, construction of infrastructure and hotel establishments.

The first project approved by the Cooperation Fund was an agricultural development in Mozambique, which received funding of US$50 million from a total of US$1 billion that China provided to the Fund.

The Fund, which is managed by the Development Bank of China, was established to fund economic and social development programmes in Portuguese-speaking countries in Africa and Asia.

Chang Hexi also said that “orderly plans are underway to install three strategic centres in Macau,” announced at the 4th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries. (macauhub)