Thursday, 13 December, 2018

UNICEF eyes cooperation with China through B&R Initiative

Kenny Thornton | 16 May, 2017, 11:00

The project - where Kenya is seeking partnership with the private sector to build a highway, an oil pipeline, a railway line and a sea port at Lamu connecting South Sudan and Ethiopia, - is created to link up with another corridor from West Africa.

"I am confident that with OBOR in place, we would be able to turn the tide of these threats", the prime minister said in his statement at the first session of Leader's Roundtable, themed "Policy Synergy for Closer Partnership" at the Belt and Road Forum here at the International Conference Centre at Yanqi Lake.

But not everyone is buying the rhetoric.

"It is our hope that through the "Belt and Road" development, we will unleash new forces for global economic growth", Xi said at a brief news conference at a conference center in the hills north of the Chinese capital.

The meeting gave Xi a spotlight to raise his standing overseas and at home, where he faces a crucial Communist Party congress later this year. "In a world of growth, interdependence and challenges, no country can tackle the challenges or solve the world's problems on its own", he said as he sat next to Russian President Vladimir Putin.

Xi emerged as an unlikely capitalist hero at the World Economic Forum in Davos in January when he extolled open trade and denounced protectionism.

"We need to seek win-win results through greater openness and cooperation, avoid fragmentation, refrain from setting inhibitive thresholds for cooperation or pursuing exclusive arrangements and reject protectionism", he said.

"This forum has revealed. the Asian aspect of the initiative, of which we are not fully aware", he said, "Serbia is striving to bring both political and trading cooperation with China to the maximum level within the initiative".

It pointed out that China and Pakistan signed new deals worth $500 million over the weekend, while Nepal - sandwiched between India and China - has also formally joined the Belt and Road initiative.

For Africa, the forum comes at an opportune time when the continent is in the process of pushing forward its integration agenda through implementation of the African Union (AU) Agenda 2063. By the end of 2016, two-way investments had exceeded USD160 billion.

Nokia 3310 available from May 18
The design is very similar to the original Nokia 3310, which was one of the most successful phones from the original Nokia brand. The Nokia 5's 16GB storage is decent for a budget smartphone, with the added bonus of 128GB expandable storage via microSD card.

Many doubt the motives behind its latest plan.

"Shifting educational resources and helping improve the education of the poor is the best investment you can possibly make", he said.

The President said China has been a true friend of Kenya and has supported the efforts to transform the country.

Xi pledged on Sunday to pump an extra $124 billion into the China-bankrolled project, which involves a huge network of ports, railways, roads and industrial parks.

Yesterday, Xi announced Dollars 124 billion funding from China for the 60-odd countries taking part in the initiative.

"If projects are not commercially viable this becomes a very expensive commitment at a time when domestic financial strain is rising", said Gilholm.

"The Belt and Road initiative is one of the mechanisms for infrastructural development".

Also on Sunday, Chinese Vice Premier Zhang Gaoli, Chilean President Michelle Bachelet, World Bank President Jim Yong Kim and IMF Managing Director Christine Lagarde addressed the High-Level Plenary Meeting of the forum, which was followed by a banquet and a special gala with the theme of "Millennial Road".

OVER the last few days, China's leaders have bedazzled the world with their Belt and Road initiative.

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