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of State, Chinese bank discuss Usd 1 billion grant |
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Luanda – Angolan head of State, José Eduardo
dos Santos, Thursday in Luanda, discussed with the China
Development Bank board chairman, Chen Yuan, the possibility
of an additional Usd 1 billion loan mainly to boost agriculture.
This was announced to the press by the Chinese bank official
at the end of
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| an audience granted to him by the
head of State, José Eduardo dos Santos. According to Chen
Yuan who arrived Thursday in Luanda, the meeting served to
deepen cooperation in the sectors of agriculture, finance and infrastructures.
“We are ready to grant a credit line estimated at more than
one billion dollars, but we think that the amount is insufficient
and might be increased to met the concrete needs of Angola in the
domains of agriculture, production of cereals and agricultural products
processing,” he stressed.
He also said that Angola and China will start negotiations and funding
for concrete projects in the country might be released this year.
The Chinese official said his country trusts the Angolan Government,
adding there are good cooperation perspectives. Source:
ANGOP 02/13/09
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