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WorldChina EximBank funds over US$87 billion in African projects

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China EximBank funds over US$87 billion in African projects

The Export-Import Bank of China (China EximBank) has so far funded over 600 billion yuan (US$87 billion) in projects in 46 African countries.

The funding mainly supports major projects with prominent economic and social benefits in Africa, said the bank.

Read:China denies Muslim separation campaign in Xinjiang

The bank will step up efforts in supporting projects of clean energy, new energy, and development and utilization of renewable energy in Africa, said Xie Ping, deputy governor of the China EximBank.

The China EximBank is a state-funded and state-owned policy bank dedicated to supporting China’s foreign trade, investment and international economic cooperation.

Read:In jab at U.S., China vice president says world cannot shut China out

Source: ghananewsagency.org

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