China and São Tomé and Príncipe speed up implementation of projects in the archipelago

China and São Tomé and Príncipe have agreed to speed up the execution of projects to be funded by Beijing, including direct support to the state’s general budget for 2019, the São Tomé prime minister announced on Saturday.

Jorge Bom Jesus, taking stock of his trip to China, where he participated in this year’s edition of the Boao Forum for Asia on the island of Hainan, said he had analysed with his Chinese counterpart Li Keqiang the ongoing projects “as well as ways to speed up their implementation.”

“It was a very successful mission in the exercise of economic diplomacy with China,” said the São Tomé prime minister.

Bom Jesus said he took the opportunity to request the direct support of China to the General State Budget, “which was accepted.”

“With China, we have agreements already signed, with investments of about US$30 million per year, and now we have been asked for an increase in some areas, which was very well received,” he said.

The prime minister stressed that he had asked Chinese investors to “help us in the structuring projects, port, airport, housing, agriculture, the private sector, in practically all economic areas of interest to the country.” (Macauhub)