Recently, the Export-Import Bank of China and the African Export-Import Bank signed a US$600 million loan agreement in Beijing, aiming to strengthen China-Africa economic and trade cooperation and promote the sustainable development of African countries. This agreement is a concrete action taken by the Export-Import Bank of China to focus on its main responsibilities and main business, give full play to its functions, serve the high-quality joint construction of the Belt and Road Initiative, and implement the nine projects of the Forum on China-Africa Cooperation. As one of the important multilateral financial institutions in the African region, the African Export-Import Bank has been committed to promoting the development of trade within and outside the African region. The signing of this agreement will provide strong support for its development in the field of trade finance in Africa.

In addition, the China Development Bank has recently fully disbursed a US$200 million credit project to Standard Bank of South Africa to support local economic and social development. This move is a concrete action taken by China Development Bank and Standard Bank of South Africa to jointly implement the consensus reached at the talks between the heads of state of China and South Africa. It is also an important step in promoting financial and economic and trade cooperation between China, Africa and BRICS countries. The implementation of this credit project will help promote local employment, improve people's livelihood and economic and social development in South Africa. It will also inject new impetus into the economic and trade cooperation between China and African countries.

These cooperation projects not only reflect the positive role of Chinese financial institutions in promoting global economic development, but also demonstrate the broad prospects for economic and trade cooperation between China and African countries. In the future, both parties will continue to strengthen cooperation and jointly promote the prosperity and development of the global economy. Editor/GaoLiMei