CIDCA promotes Global Development and South-South Cooperation Fund

The China International Development Cooperation Agency (CIDCA) held a briefing for foreign diplomats and representatives from international organizations on the Global Development and South-South Cooperation Fund (GDSSCF) in Beijing on Jan 9. Vice-Chairman of the CIDCA Zhao Fengtao addressed the event. More than 50 representatives from the embassies of 13 countries and 26 international organizations in China, including the ambassadors of Barbados, Cuba and the Maldives, attended the event. 

Noting that 2025 marks the 10th anniversary of the establishment of the GDSSCF, Zhao said the establishment and upgrade of the fund reflect China's steadfast commitment to international development cooperation. Up to now, China, along with more than 20 international organizations, has implemented over 160 projects in more than 60 countries, benefiting over 30 million people and injecting strong momentum into the implementation of the United Nations' 2030 Agenda for Sustainable Development, he said. 

The purpose of the briefing was to promote the utilization of the fund, to provide new pathways to achieving the UN Sustainable Development Goals, to offer a new platform for aligning with development strategies of various countries, and to provide new impetus for expanding and upgrading partnerships, he added. 

Director-General of the CIDCA's Department of International Cooperation Li Ming and deputy head of the CIDCA's Global Development Promotion Center Lei Pili briefed the guests about the background, coverage, management structure and application process of the GDSSCF as well as the Global Development Project Pool and the Capital Pool.

Maldivian Ambassador Fazeel Najeeb, head of the East Asia delegation of the International Federation of Red Cross and Red Crescent Societies Olga Dzhumaeva, and World Food Programme China Office Representative Zhao Bing spoke on behalf of the guests. They lauded the CIDCA’s efforts in implementing the China-proposed concept of a community with a shared future for humanity by coordinating resources to help developing countries improve living standards and achieve development. They also pledged to strengthen coordination and deepen cooperation with China, and jointly promote the implementation of the Global Development Initiative and the UN 2030 Agenda.