国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Uganda to prioritize infrastructure financing at FOCAC Beijing summit

Source: Xinhua| 2018-08-17 12:58:38|Editor: Chengcheng
Video PlayerClose

KAMPALA, Aug. 16 (Xinhua) -- Uganda will focus on infrastructure financing when its delegation attends the Forum on China-Africa Cooperation (FOCAC) Beijing summit this September.

The country continues to prioritize infrastructure development in its partnership with China, David Bahati, minister of state for finance, planning and economic development told Xinhua in an interview on Thursday.

"We are looking at the financing terms of these projects, especially the requirement of counterpart funding. It would also be something that we need to talk about," Bahati said on the sidelines of the second annual Uganda-China Economic and Trade Cooperation Forum held here.

Speaking at the meeting that brought together Chinese enterprises, government officials and economists, Zheng Zhuqiang, Chinese ambassador to Uganda, said the upcoming FOCAC meeting will generate new opportunities for Uganda and Africa.

Uganda is now focusing on the construction of the Standard Gauge Railway (SGR) with help from China, President Yoweri Museveni said at the opening ceremony of the business meeting.

Once completed, the railway will cut domestic transport costs and thus bring down production costs, the president said.

China is already assisting the construction of two major hydropower plants, Karuma and Isimba, both critical for ensuring Uganda adequate power for industrialization, he added.

Uganda has 2.1 billion U.S. dollars alloted to infrastructure in the 2018/19 financial year, Monica Azuba Ntege, minister of works and transport said at the meeting.

Infrastructure development is one of the key factors making Uganda a competitive upper middle-income country by 2040, she said.

Albert Saltson, the CEO of Standard Chartered Bank Uganda, said commercial banks can arrange long-term financial solutions which can help the government get credit for infrastructure development.

China has been committed to partnership with African countries. At the 2015 FOCAC held in South Africa, China pledged a 60-billion-U.S.-dollar fund to fast track the development of Africa with industrialization and infrastructure topping the agenda.

KEY WORDS: FOCAC
EXPLORE XINHUANET
010020070750000000000000011100001373975961
主站蜘蛛池模板: 宁陕县| 苏尼特左旗| 卢氏县| 临汾市| 玉田县| 古田县| 玉山县| 昌吉市| 腾冲县| 乐山市| 莒南县| 青海省| 光山县| 墨竹工卡县| 吉首市| 石楼县| 汉川市| 个旧市| 家居| 湖州市| 伊川县| 新密市| 莒南县| 东海县| 寿阳县| 横峰县| 紫云| 大埔区| 南郑县| 宝丰县| 奇台县| 荆州市| 二连浩特市| 十堰市| 莱阳市| 乐东| 襄城县| 独山县| 黄山市| 广宁县| 黔西县|