Eritrea and PRC conclude loan and cooperation agreement

Asmara, 28 August 2010 – Eritrea and the People’s Republic of China (PRC) today concluded a 6-million dollar loan and cooperation agreement here in the capital.

The agreement of interest-free loan and cooperation would be channeled to Eritrea’s development endeavors towards achieving food security.

Mr. Berhane Abrehe, Minister of Finance, signed the agreement on the Eritrean government side, and  Deputy Foreign Minister Zhai Jun on the side of the Government of the PRC.

Meanwhile, the Eritrean Foreign Minister, Mr. Osman Saleh, and Mr. Yemane Gebreab, Head of Political Affairs at the PFDJ, held discussion with the Chinese delegation headed by the Deputy Foreign Minister, Mr. Zhai Jun.

In the meeting, the two sides conducted discussion on Eritrean-Chinese relations and the stage reached in its development, as well as the objective situation in the Horn of Africa. The discussion also covered Eritrea’s modest role in promoting peace and stability in the region.