China can­cels Zim debts

The Sunday Mail (Zimbabwe) - - NEWS - Brian Chitemba

CHINA has can­celled a num­ber of Zim­babwe’s debts, with For­eign Af­fairs Min­is­ter Sim­barashe Mum­bengegwi and China’s Vice-Min­is­ter of For­eign Af­fairs Zhang Ming sign­ing a pro­to­col to seal the can­cel­la­tion.

The debt can­cel­la­tion was first an­nounced in 2015 when China’s Pres­i­dent Xi Jin­ping vis­ited Zim­babwe and met Pres­i­dent Mu­gabe.

The deal was for­malised last week when Vice-Min­is­ter Ming vis­ited Zim­babwe and met Pres­i­dent Mu­gabe be­fore sign­ing the pro­to­col for debt can­cel­la­tion with Min­is­ter Mum­bengegwi.

“It was re­called that dur­ing Pres­i­dent Xi Jin­ping’s visit to Zim­babwe in 2015, he an­nounced the can­cel­la­tion of a num­ber of debts owed by Zim­babwe to China. His Ex­cel­lency Pres­i­dent Mu­gabe ex­pressed Zim­babwe’s pro­found grat­i­tude for this fra­ter­nal ges­ture, which re­flected the strong bonds of amity and sol­i­dar­ity be­tween the two coun­tries and peo­ples,” said the For­eign Af­fairs Min­istry yes­ter­day.

“In that con­text, Zim­babwe’s Min­is­ter of For­eign Af­fairs, Cde Sim­barashe Mum­bengegwi, and the Chi­nese Vice-Min­is­ter signed the pro­to­col for­mal­is­ing the can­cel­la­tion of those debts.”

Vice-Min­is­ter Ming, who ar­rived on Thurs­day and leaves to­day, met Pres­i­dent Mu­gabe and ap­prised the Head of State and Gov­ern­ment on im­ple­men­ta­tion of deals in the en­ergy, in­fra­struc­ture and avi­a­tion sec­tors.

He also de­liv­ered a spe­cial mes­sage to Pres­i­dent Mu­gabe from Pres­i­dent Xi.

The Min­istry of For­eign Af­fairs said, “His Ex­cel­lency Pres­i­dent Mu­gabe re­ceived a com­pre­hen­sive brief­ing on the sta­tus of var­i­ous projects on which Zim­babwe and China are co-op­er­at­ing, in such ar­eas as en­ergy, in­fra­struc­ture and avi­a­tion, and on China’s de­ter­mi­na­tion to in­crease in­vest­ment and co­op­er­a­tion in var­i­ous sec­tors of Zim­babwe’s econ­omy, as well as to in­crease ac­cess to the Chi­nese mar­ket for Zim­babwe’s agri­cul­tural prod­ucts.

“Vice-Min­is­ter Zhang fur­ther in­formed His Ex­cel­lency the Pres­i­dent that steps and mea­sures were be­ing taken to ac­cel­er­ate the im­ple­men­ta­tion of the var­i­ous mega deals that were agreed dur­ing Pres­i­dent Mu­gabe’s visit to China in 2014 and dur­ing Pres­i­dent Xi’s visit to Zim­babwe in 2015.”

Zim­babwe and China sealed land­mark deals worth more than US$4 bil­lion dur­ing Pres­i­dent Mu­gabe’s State visit to the Asian coun­try in 2014.

Pres­i­dent Xi paid a re­cip­ro­cal State visit to Zim­babwe in 2015 where he, to­gether with Pres­i­dent Mu­gabe, over­saw the sign­ing of more agree­ments cov­er­ing power gen­er­a­tion, roads, rail, ICT and wildlife pro­tec­tion.

“The role played by the close per­sonal re­la­tion­ship be­tween His Ex­cel­lency Pres­i­dent Mu­gabe and Pres­i­dent Xi Jin­ping, which has pro­vided the im­pe­tus for on­go­ing col­lab­o­ra­tion on sev­eral projects, was em­pha­sised.

“The re­form of the United Na­tions Se­cu­rity Coun­cil, on which the two coun­tries are in full agree­ment, was dis­cussed. The cor­rect­ness of the African Com­mon Po­si­tion as enun­ci­ated in the Ezul­wini Con­sen­sus and the Sirte Dec­la­ra­tion was reaf­firmed dur­ing the dis­cus­sion,” said the For­eign Af­fairs Min­istry.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.