Ethiopia's Finance Minister Highlights On Ethio-China's Strong Bilateral Cooperation

22 August 2024
Ethiopian News Agency (Addis Ababa)

Addis Ababa, — Finance Minister of Ethiopia, Ahmed Shide discussed with a delegation led by Sheng Qiuping, Vice Minister of the Ministry of Commerce, People's Republic of China (MOFCOM) in Addis Ababa.

On the occasion, Ahmed stressed on Ethio-China's strong bilateral economic cooperation in the past two decades.

He further acknowledged the Chinese government provision of huge resources for the implementation of many mega projects including infrastructures and manufacturing industries in Ethiopia. Furthermore, he emphasized that China and Ethiopia are strategic partners in terms of investment in which the Chinese companies are at fore front in Ethiopian foreign direct investment.

Moreover, the minister kindly requested Qiuping to make his effort coordinating the relevant creditors and agencies to resume disbursement for ongoing projects and finalizing the debt restructuring issues and enhancing development financing assistance and more investments. Finally, the Ministry of Finance appreciated the China government for a strong economic support and recently provided assurance for Ethiopia to leverage financial support from IMF.

Read the original article on ENA.

Tagged:
Copyright © 2024 Ethiopian News Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.