www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

CHINA> AfDB Annual Meetings
Development finance plays multi faceted role in economy
By Zhang Lu (China Daily)
Updated: 2007-05-16 07:05

Development finance plays multi faceted role in economySHANGHAI: Development finance plays an important role in the sustainable growth of developing countries and such finance institutions in Asia and Africa should cooperate closely, officials said at a seminar held before the annual meetings of the AfDB in Shanghai yesterday.

"Development finance, broadly defined, extends far beyond the realms of finance alone," said Mandla Gantsho, vice-president of AfDB.

"Development finance institutions need to play the triple role of catalytic financier, knowledge broker and development partner," he noted at the seminar.

Citing infrastructure as an example, Gantsho said that the sector in Africa is estimated to need $20 billion in investments every year over the next decade. It is beyond the ability of any single institution to meet this requirement or make a meaningful difference.

This underlines the need for development finance institutions to play a more effective role as catalysts to gather resources from both the public and private sectors, as well as to build partnerships among themselves and with the public and private sectors to mobilize more resources.

Gantsho said that China Development Bank (CDB), in spite of its relatively short history, serves as a good example of how these roles can be successfully combined to create a powerful developmental force. African development finance institutions and CDB could learn from each other, he added.

African and Asian institutions can partner each other in areas such as knowledge and staff exchange, development of new products and financing mechanisms, and co-sponsorship and co-financing of projects, Gantsho said.

Amid the trend of economic globalization, CDB has been actively seeking international cooperation and providing financing services to overseas markets, the bank's vice-president Gao Jian told the seminar.

His bank attaches great significance to its dealings with Africa, said Gao. It has already sent eight working groups to the continent, and plans to send 18 more this year.

By the end of March this year, CDB's outstanding loans in Africa amounted to $1 billion. It has also been exploring ways to support 30 projects worth $3 billion in African countries.

During the Beijing Summit of Forum on China-African Cooperation last November, CDB signed five agreements and memoranda with African partners, laying a solid foundation for further financial cooperation, Gao said.

The Chinese government has recently approved the establishment of the China-Africa Development Fund, he added.

According to CDB, a major initiator, the fund will start from $1 billion, and then add up to $3 billion in the second phase, eventually amounting to $5 billion.

"The Chinese government will work with African countries to speed up the implementation of eight measures, to help African countries reduce poverty and pursue all-around economic and social development," said Deputy Commerce Minister Wei Jianguo.

Wei said Sino-African trade and economic cooperation has developed rapidly in recent years and has become a major force in driving Africa's economic growth.

China's investments in Africa at the end of 2006 stood at more than $11 billion, with the focus on agricultural development, processing and manufacturing, transportation, telecommunications, water conservancy, power and other infrastructure sectors.

"It is estimated that Sino-African trade contributes to around 20 percent of Africa's economic growth," he said.

Development finance plays multi faceted role in economy

Development finance plays multi faceted role in economy

Premier Wen Jiabao welcomes (from left to right) President of Cape Verde Pedro Pires, President of Madagascar Marc Ravalomanana, President of Rwanda Paul Kagame and AfDB President Donald Kaberuka yesterday in Shanghai. They are in the city to attend the African Development Bank's 2007 annual meetings, which open today.Wu Zhiyi

(China Daily 05/16/2007 page25)

 

主站蜘蛛池模板: 在线观看免费为成年视频 | 看欧美的一级毛片 | 午夜无遮挡怕怕怕免费视频 | 亚洲涩涩精品专区 | 九九99靖品| 99青青| 午夜在线伦理福利视频 | 羞羞一区二区三区四区片 | 精品国产一区二区三区四区vr | 免费一级真人毛片 | 精品香蕉99久久久久网站 | 日韩欧美自拍 | 欧美在线观看一区二区 | 男人的天堂视频在线观看 | 亚洲欧美日韩国产精品影院 | 特级毛片a级毛免费播放 | 久久亚洲精品中文字幕二区 | 久久国产成人福利播放 | 小明日韩在线看看永久区域 | 亚洲男同视频网站 | 精品久久久久久久久中文字幕 | 久草在线视频看看 | 中文字幕亚洲精品日韩精品 | 成人久久18免费游戏网站 | 欧美jizzhd精品欧美另类 | 在线 中文字幕 日韩 欧美 | 久久久久欧美精品 | 国产高清自拍一区 | 国内精品国语自产拍在线观看55 | 飘花国产午夜精品不卡 | 手机毛片在线 | 爱爱客影院在线影院gf发现 | 美女被拍拍拍拍拍拍拍拍 | 中文字幕欧美一区 | 成年片人免费www | 99九九精品视频 | 在线视频日韩精品 | 女人张开腿让男人桶免费最新 | 69成人免费视频 | 亚洲欧美另类视频 | 欧美牛逼aa |