Multiplier effect
5 months, 2 weeks ago

Multiplier effect

China Daily  

MA XUEJING/CHINA DAILY China and African countries have a long-standing relationship based on mutual respect and equality. Multilateral development banks, such as the World Bank, African Development Bank, and others, have long been central to Africa's development. Multilateral banks, China and African countries must work together to identify shared development goals and align their strategies and investments accordingly. To better coordinate their development efforts in Africa, multilateral development banks and China can pursue several key strategies: Joint coordination mechanisms, with representation from African governments, to create dedicated coordination platforms and to facilitate regular dialogue and information sharing between MDBs and China, should be established. Reviewing the course of relations between Ethiopia and China so far, reflecting on the historical context of Ethiopia's relationship with China and the factors that have shaped it, as well as the development assistance we have enjoyed, and the growing economic cooperation between the two nations, will provide invaluable insights to help ensure utmost dividends for both nations.

Africa Sustainable Countries African Bri Ethiopia Financing Multilateral Banks China Multilateral Banks Multilateral Development Banks Development Partnerships Multiplier Effect  development  partnerships  multiplier  effect  sustainable  multilateral  africa  financing  african  banks  china  countries

History of this topic

Multilateral financial cooperation urged to drive growth
1 month ago

Multilateral financial cooperation urged to drive growth

China Daily  

By Shi Jing in Shanghai | China Daily | Updated: 2024-11-20 07:50 Multilateral financial cooperation is of greater importance now to address pressing challenges, such as climate change, and to drive growth amid the various complexities and uncertainties facing the global economy, said officials and industry experts. During the second G20 Finance Ministers and Central Bank Governors Meeting held in …

Multilateral financial cooperation urged to drive growth
Trending News
1 month ago

Multilateral financial cooperation urged to drive growth

China Daily  

Multilateral financial cooperation is of greater importance now to address pressing challenges, such as climate change, and to drive growth amid the various complexities and uncertainties facing the global economy, said officials and industry experts. During the second G20 Finance Ministers and Central Bank Governors Meeting held in April, ministers and governors supported reinforcing the financing capacity of multilateral development …

Multilateral banks are key to financing the fight against global warming. Here is how they work
1 month, 2 weeks ago

Multilateral banks are key to financing the fight against global warming. Here is how they work

Associated Press  

As climate change leads to a seemingly endless stream of weather disasters around the world, countries are struggling to adapt to the new reality. Some bank projects work against climate goals The multilateral banks’ development seek to improve people’s health and the environment, expand energy access and end poverty. The Clean Air Fund’s report estimated the World Bank provided $2.7 …

China's Infrastructure Push in Africa: A Game Changer for Economic Growth
2 months ago

China's Infrastructure Push in Africa: A Game Changer for Economic Growth

China Daily  

Chinese investors are set to expand their economic ties with Africa through infrastructure projects, trade agreements, and diplomatic engagements. The Chinese government plans to invest at least 70 billion yuan in Africa over the next three years, and China and Africa will establish a joint digital technology cooperation center.

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

Nation to help Africa advance green transition
3 months ago

Nation to help Africa advance green transition

China Daily  

A view of the Redstone Concentrated Solar Thermal Power Project near Postmasburg in Northern Cape Province of South Africa on August 20. "China is ready to launch 30 clean energy projects in Africa, put in place meteorological early warning systems, and carry out cooperation in disaster prevention, mitigation and relief as well as biodiversity conservation," Xi said when addressing the …

China, Africa vital for Global South's modernization
3 months, 2 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

China, Africa vital for Global South's modernization
3 months, 2 weeks ago

China, Africa vital for Global South's modernization

China Daily  

Editor's note: With China and Africa elevating their relationship to an all-weather China-Africa community with a shared future in the new era, the two sides are working more closely to realize modernization. China's pursuit of high-quality development and modernization has inspired many Global South countries, including African nations, to take measures to boost development and alleviate poverty. African countries have …

In Africa, China eyes minerals and UN clout
3 months, 2 weeks ago

In Africa, China eyes minerals and UN clout

Hindustan Times  

China’s Forum with Africa was a success, with 53 of the 55 countries of the African Union participating. Between 2000 and 2023, Chinese financial institutions lent $182.28 billion to 49 African countries and seven regional DFIs, according to an analysis by Boston University researchers. African leaders seek better access to the Chinese markets for African products, by adding value to …

Collaboration transcends economic development
3 months, 2 weeks ago

Collaboration transcends economic development

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. While the economic partnership between China and Africa continues to strengthen, Ye said there are underlying issues that need to be addressed — particularly the need to diversify the trade structures between the two regions. While trade serves as a cornerstone of China-Africa cooperation, another significant aspect that underscores the depth of …

Bank of China plays important role in strengthening Sino-African relations
3 months, 2 weeks ago

Bank of China plays important role in strengthening Sino-African relations

China Daily  

Foreign journalists experience 8K ultrahigh definition cinema and intangible Chinese culture. As the first Chinese financial institution to operate on the African continent, BOC branch in Zambia has provided more than $3 billion in credit support for Zambia's national development and economic construction over the past 27 years, covering large-scale infrastructure projects in mining, smelting, water supply, roads and economic …

Xi encourages African scholars to bolster China-Africa cooperation, Global South development
3 months, 3 weeks ago

Xi encourages African scholars to bolster China-Africa cooperation, Global South development

China Daily  

This photo taken on Aug 29, 2024 shows the logo of the 2024 Summit of the Forum on China-Africa Cooperation near China National Convention Center in Beijing, capital of China. NAIROBI -- President Xi Jinping encouraged African scholars to continue to provide intellectual support for building a high-level China-Africa community with a shared future and safeguarding the common interests of …

China-Africa cooperation empowers Africa's modernization
3 months, 3 weeks ago

China-Africa cooperation empowers Africa's modernization

China Daily  

MA XUEJING/CHINA DAILY True friendship transcends time and distance, built on sincerity and mutual respect on an equal footing. Knowing full well the critical importance of infrastructure to national development, China has made significant efforts to help African countries build and upgrade key infrastructure, including over 200,000 kilometers of optical fiber, nearly 100,000 kilometers of roads, more than 10,000 kilometers …

China to advance high-quality BRI ties with Africa
3 months, 3 weeks ago

China to advance high-quality BRI ties with Africa

China Daily  

A train driver prepares for departure at Idu Railway Station, the starting point of the Abuja-Kaduna Railway in Abuja, the capital of Nigeria, on Sept 18. DONG JIANGHUI/XINHUA China will take further steps including deepening partnership in emerging fields, such as green development and the digital economy, to promote high-quality Belt and Road cooperation with African countries in the coming …

Building work
4 months ago

Building work

China Daily  

WANG XIAOYING/CHINA DAILY In an era of economic and trade protectionism, neoliberalism and geopolitical confrontations, developing countries are increasingly becoming geopolitical and economic pawns in the zero-sum game of great power competition. For Malawi, a landlocked country, railway infrastructure development projects are a priority as they promote strategic economic connectivity. In addition to infrastructure development, China has also been investing …

Building work
4 months ago

Building work

China Daily  

WANG XIAOYING/CHINA DAILY In an era of economic and trade protectionism, neoliberalism and geopolitical confrontations, developing countries are increasingly becoming geopolitical and economic pawns in the zero-sum game of great power competition. For Malawi, a landlocked country, railway infrastructure development projects are a priority as they promote strategic economic connectivity. In addition to infrastructure development, China has also been investing …

China funding aids Africa development
4 months, 1 week ago

China funding aids Africa development

China Daily  

Photo taken on May 8, 2022 shows a section of the Nairobi Expressway in Nairobi, Kenya. Financial assistance from China has played a crucial role in infrastructure development in Africa since the Forum on China-Africa Cooperation, or FOCAC, was established, paving the way for economic prosperity, observers said, adding that Sino-African cooperation will help address emerging challenges facing the continent …

Multiplier effect
5 months, 2 weeks ago

Multiplier effect

China Daily  

MA XUEJING/CHINA DAILY China and African countries have a long-standing relationship based on mutual respect and equality. Multilateral development banks, such as the World Bank, African Development Bank, and others, have long been central to Africa's development. Multilateral banks, China and African countries must work together to identify shared development goals and align their strategies and investments accordingly. To better …

BRIdging a divide
6 months, 1 week ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

BRIdging a divide
6 months, 1 week ago

BRIdging a divide

China Daily  

WANG XIAOYING/CHINA DAILY The China-Europe freight rail service, backed by the Belt and Road Initiative, recently reached a significant milestone by completing its 90,000th trip. The initiative has driven nearly 1 trillion dollars in investments, led to cooperative projects, created job opportunities in partner countries, and significantly contributed to lifting thousands of people out of poverty. Now, the BRI is …

It is time for a new Africa beyond borders and boundaries
10 months, 1 week ago

It is time for a new Africa beyond borders and boundaries

Al Jazeera  

African leaders will be convening in Ethiopia’s capital, Addis Ababa, for the 37th summit of the African Union on Saturday. The integration agenda holds particular significance as global powers vie for influence over African states, evident in the growing number of “Africa summits” hosted by individual countries outside the continent in recent years. Africa faces several complex and multifaceted challenges, …

Ten years of inclusive multilateralism
1 year, 2 months ago

Ten years of inclusive multilateralism

China Daily  

MA XUEJING/CHINA DAILY The BRI and BRICS+ group will be important factors in the development of trade and infrastructure investment to Africa The Belt and Road Initiative was proposed 10 years ago. Based on "China Belt and Road Initiative Investment Report 2023 H1-the First 10 Years" by Fudan University's Green Finance& Development Center, the initial data published in the first …

China, Africa cooperation impacts the world
1 year, 3 months ago

China, Africa cooperation impacts the world

China Daily  

Freight trains are seen at Nairobi station of Mombasa-Nairobi Standard Gauge Railway in Nairobi, capital of Kenya, Nov 17, 2021. China has become one of the main sources of investment and financing in Africa, providing a large amount of urgently needed funds for African development through mechanisms such as providing aid, government concessional loans, commercial financial institution credit funds, special …

BRI helps boost African nations' development
1 year, 4 months ago

BRI helps boost African nations' development

China Daily  

MA XUEJING/CHINA DAILY This year marks the 10th anniversary of not only the Belt and Road Initiative but also the principles governing China's Africa policy which President Xi Jinping has put forward. Based on China's Africa policy of sincerity, real results, amity, good faith, and pursuit of greater good and shared interests, the two sides have deepened cooperation, making the …

Increasing G20 cooperation on debt and investment in Africa
1 year, 4 months ago

Increasing G20 cooperation on debt and investment in Africa

Hindustan Times  

Africa’s long-standing and difficult history with international capital can be attributed to a complex set of factors, including historical legacies, structural adjustment programmes and, most recently, Chinese investment. While Africa’s hard-won credit market access had been hailed as the key to boosting the region’s growth and development, countries now face significant challenges in their relationship with international capital, with profound …

Country has key role in Africa's industrial growth
1 year, 7 months ago

Country has key role in Africa's industrial growth

China Daily  

For decades, Africa's industrial development — either as a concept or in practice — has featured in all bilateral and multilateral engagements at regional, continental and global levels. In 2008, during a summit themed "the industrialization of Africa", African leaders endorsed and adopted the plan of action for the accelerated industrial development for Africa. However, despite having vast natural resources, …

Africa a natural partner of BRI
1 year, 11 months ago

Africa a natural partner of BRI

China Daily  

JIN DING/CHINA DAILY It has been a 33-year-old tradition of China's foreign ministers making their first overseas trip to Africa at the beginning of every new year. China's investments in Africa also date back to the 1949-1976 period when several African countries were still fighting for independence from European colonial powers. To date, almost all African countries with diplomatic ties …

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