September 24, 2011
Mali and China have signed three important agreements on grant and loan, for a cumulative amount of 739 million yuan (RMB). The two countries were represented by the Minister of Foreign Affairs and International Cooperation, Soumeylou Boubèye MAIGA and Assistant Minister of Commerce, Special Envoy of the Government of the People’s Republic of China, Yu Jianhua, who began a visit to Bamako in the part of the inauguration of the third bridge in Bamako.
The first agreement of 70 million yuan comes as a gift to Mali. The second agreement covers an interest-free loan of $ 5 million yuan. These amounts will be used to finance priority projects that will be identified and implemented by the government of Mali to improve the living conditions of local people.
The third agreement, allocated in the form of preferential loan for an amount of 619 million RMB yuan, will allow China to participate alongside other technical and financial partners of Mali to the construction of important hydro-electric Taoussa, located in the region of Gao in northern Mali.
The completion of the dam Taoussa given new impetus to the development of irrigation for rice growing and market gardening on the one hand, and will, on the other hand, contribute the regeneration of the ecosystem. In addition to its main functions, the dam of Taoussa, ensure the continuity of river transport and road and hydroelectric power associated with the development of a local network covering the area of Bamba in Gao.
China is active in various development projects in Mali: industrialization, health, agriculture, education, security, communication and infrastructure.