Published on Pambazuka News (https://www.pambazuka.org)

Home > China to Proceed With $9 Billion Congo Plan

Contributor [1]
Friday, March 6, 2009 - 02:00
Categories: 
Emerging powers in Africa Watch [2]
Issue Number: 
422 [3]
Article-Summary: 

China plans to spend $9 billion on mining and infrastructure in the Democratic Republic of Congo and won’t bow to a demand from the International Monetary Fund to alter the accord, the Chinese ambassador to the country said. China’s biggest single investment in Africa will give Congo roads, railways, hospitals and schools in return for metals worth $50 billion at current prices.

Category: 
Global South [4]
Oldurl: 
http://www.pambazuka.org/en/category.php/africa_china/54624 [5]

Source URL: https://www.pambazuka.org/node/53207

Links
[1] https://www.pambazuka.org/author/contributor
[2] https://www.pambazuka.org/taxonomy/term/4538
[3] https://www.pambazuka.org/taxonomy/term/5766
[4] https://www.pambazuka.org/taxonomy/term/3314
[5] http://www.pambazuka.org/en/category.php/africa_china/54624