Only one of five projects selected for the Forum on China-Africa Cooperation (FOCAC) has been funded under the US$60 billion package announced by the President of China, the President of Guinea-Bissau revealed on his return to the country.
President Xi Jinping at the third FOCAC Summit held in Beijing on 3 and 4 September, announced support for African countries worth US$60 billion, including preferential loans, grants and debt pardons.
José Mário Vaz said that the project in the agricultural sector received funding of US$14 million, with China also guaranteeing a rice supply worth US$3 million and sending more Chinese medical delegations to provide care to Guineans.
The head of state explained the “failure” to raise funds with the way his country’s government interacts with the Chinese authorities, preferring to go directly to China without going through Ambassador Jin Hongjun, who represents the interests of his country in Guinea-Bissau.
Vaz said he would speak with Prime Minister Aristides Gomes to persuade him of the need to create a commission that, together with the Chinese ambassador, will work to maximise the benefits of Guinea-Bissau in relation to the resources that have been made available to Africa over the next three years. (macauhub)