China donates US$20 million to Cabo Verde for several projects

11 September 2018

China plans to donate 140 million yuan (about US$20 million) to Cabo Verde to finance projects in areas to be agreed through diplomatic channels, Prime Minister Ulisses Correia e Silva said on his Facebook page.

Correia e Silva also wrote that “President Xi Jinping also gave assurances that the eight measures and US$60 billion, announced for the 2019-2022 three-year period within the framework of the Forum on China-Africa Cooperation (FOCAC), are important financing opportunities available to African countries.”

These countries, however, have to have projects whose economic viability proves their relevance and sustainability, according to Correia e Silva.

The Cabo Verdean prime minister added that during the meeting held with President Xi Jinping on 6 September, a decision was made to foster economic and trade cooperation, with a particular focus on the project of the Special Economic Zone of the Maritime Economy in São Vicente, the second phase of the Cidade Segura (Safe City) project and the construction of an International Conference Centre in Praia. (macauhub)