The governments of Angola, Timor-Leste and São Tomé and Príncipe were represented at a forum in Macau to discuss Chinese investments on May 30 and 31, 2019, as announced at a press conference.
High-Level Delegations at the IIICF
The Secretaries of State for Water and Transport, Lucrecio da Costa and Guido Waldemar da Silva Cristóvão, respectively, the Minister of Public Works, Infrastructures, Natural Resources and Environment of São Tomé and Príncipe, Osvaldo Abreu, the deputy minister of Public Works of Timor-Leste, Nicolau Belo, and the member of the State Council of that country, José Ramos-Horta, attended the 10th International Infrastructure Investment and Construction Forum (IIICF).
A Major Platform for Infrastructure Investment
This year’s edition of the forum featured more than 2,000 entrepreneurs, academics and politicians, including more than 50 governors from 40 countries and regions. The event’s budget was estimated at 39 million patacas (4.3 million euros) and was promoted under the guidance of the Ministry of Commerce of the People’s Republic of China and the Government of Macao.
The IIICF included 36 parallel forums, exhibitions, project promotion seminars and contact exchanges, among other commercial negotiation activities, to operationalize cooperation between countries involved in China’s “One Belt, One Road” strategy, which aims at developing infrastructure and investment in European, Asian and African countries.
Finance and Cooperation Between China and Portuguese-Speaking Countries
At the press conference, the executive director of the Macao Institute for Trade and Investment Promotion, Sam Lei, highlighted the holding of the 5th Conference of Central Bank Governors and Financial Regulators. The conference had as its theme “Maximizing the Role of Finance to Encourage Practical Cooperation between China and Portuguese-Speaking Countries.”