Chinese President Xi Jinping said the Belt and Road Forum for International Cooperation will help developing countries to tackle poverty.
Some 30 world leaders, including Prime Minister Hailemariam Desalegn, have signed yesterday a Belt and Road Communiqué that endorses global trade and investment to boost economic growth.
After the leaders' roundtable event held in Yanqi Lake resort near Beijing, President Xi said "all countries, especially developing ones, still face common challenges of eradicating poverty, promoting inclusive and sustained economic growth."
The President added that global cooperation is crucial in this era of opportunity when countries continue to aspire for peace, development, and cooperation.
Thus, the Belt and Road Initiative (BRI) will focus in creating opportunities amidst the challenges and changes developing countries face to alleviate poverty, he added.
President Xi also noted that land-locked countries like Ethiopia and least developed countries as well as small island developing states deserve special attention to remove bottlenecks of development and achieve effective connectivity in the BRI.
The BRI emphasizes the opportunities which can be crafted by communication and coordination among other global, regional and national frameworks for promoting sustainable development such as the SDGs and Addis Ababa Action Agenda, according to the President.
Covering 60 countries, BRI incorporates infrastructural projects like the Addis Ababa Light-train, the Ethio-Djibouti cross border railway and the industrial parks development among the others.
President Xi stated that BRI will help to work for globalization that is open, inclusive and beneficial to all of mankind by rebalancing economic globalization.
He claimed that China has signed agreements with 68 countries and international organizations to work together in the Belt and Road Initiative framework.
Promoting people-to-people exchanges and bonds deepening practical cooperation on education, science, technology, sport, health, think-tank, media, capacity building through internship are among the spotlights of BRI, it was learned.
The Second Belt and Road Forum for International Cooperation will be hosted by China in 2019.
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