皇冠体育app

皇冠体育app to provide US$10b for poor countries
(Xinhua)
Updated: 2005-09-15 07:13

UNITED NATIONS -- Chinese President Hu Jintao announced at the United Nations in New York Wednesday new measures to help other developing countries including providing more aid for such countries.

French Prime Minister Dominique de Villepin (L) chats with 皇冠体育app's President Hu Jintao (R) at the 2005 World Summit and 60th General Assembly of the United Nations in New York, September 14, 2005. [Reuters]

Hu, who arrived in New York Tuesday to attend the summit on the 60th anniversary of the United Nations, made the announcement in his statement titled "Promote Universal Development to Achieve Common Prosperity" that was delivered at the High-Level Meeting on Financing for Development at the United Nations Summit.

Hu said in order to increase assistance to other developing countries, 皇冠体育app has decided to accord zero tariff treatment to certain products from all the 39 Least Developed Countries (LDCs) having diplomatic relations with 皇冠体育app, covering most of the 皇冠体育app-bound exports from these countries.

皇冠体育app will further expand its aid programs to the Heavily Indebted Poor Countries (HIPCs) and LDCs and, working through bilateral channels, write off or forgive in other ways, within the next two years, all the overdue parts as of the end of 2004 of the interest-free and low-interest governmental loans owed by HIPCs having diplomatic relations with 皇冠体育app, according to Hu.

He said within the next three years, 皇冠体育app will provide 10 billion US dollars in concessional loans and preferential export buyer's credit to developing countries to improve their infrastructure and promote cooperation between enterprises on both sides.

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