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ECONOMY
THIS WEEK> THIS WEEK NO. 29, 2014> ECONOMY
UPDATED: July 14, 2014 NO. 29 JULY 17, 2014
Extending Foreign Aid
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China has exchanged experiences and explored practical cooperation with international organizations in its foreign aid in an increasingly open-minded manner, said a white paper on China's foreign aid released on July 10.

From 2010 to 2012, China contributed a total of 1.76 billion yuan ($281.78 million) to assistance programs initiated by multilateral organizations, including the United Nations Development Program, the World Bank, the International Monetary Fund and the World Health Organization, according to the white paper released by the Information Office of the State Council.

The funds were used to fight AIDS, tuberculosis and malaria, and to support other developing countries in poverty reduction, food security, trade development, crisis prevention and reconstruction, population development, maternal and child health care, disease prevention and control, education, and environmental protection.

Meanwhile, the country has strengthened cooperation with regional financial institutions such as the Asian Development Bank, the African Development Bank and the Caribbean Development Bank to channel more capital into the fields of infrastructure, environmental protection, education and health care in developing countries.

By 2012, China had donated a total of $1.3 billion to these regional financial institutions.



 
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