Sunday November 8, 2009
China to provide $10 bln in loans to Africa over 3 yrs
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China's Premier Wen Jiabao in London February 1, 2009. China will provide $10 billion in loans to Africa over the next three years, Chinese Premier Wen Jiabao said on Sunday. (REUTERS/Andrew Winning/Files) |
SHARM EL-SHEIKH (Reuters) - China will provide $10 billion in loans to Africa over the next three years, Chinese Premier Wen Jiabao said on Sunday.
"We will help Africa build up financing capacity," Wen told a summit in the Egyptian resort of Sharm el-Sheikh, laying out China's assistance to the continent for the next three years. "We will provide $10 billion in concessional loans to African countries."
(Reporting by Ben Blanchard and Cynthia Johnston)
Copyright © 2008 Reuters
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