O’Neill grateful for support from China’s EXIM Bank

PRIME Minister Peter O’Neill has welcomed the ongoing engagement between the Government and Export-Import Bank of China to fund development projects in the country.
O’Neill made the comments after meeting EXIM Bank vice-president Sun Ping in Port Moresby last week.
“China is a strong development partner with Papua New Guinea and we look forward to developing additional projects,” he said.
“We have a very clear One China Policy in Papua New Guinea and we work together on a range of projects and initiatives that
deliver clear benefits for our country and the broader global economy.
“This includes infrastructure delivery, and interests of mutual benefit such as dealing with climate change.
“With the recent re-election of Xi Jinping as the President of the People’s Republic of China, and the continuation of China’s development programmes, I anticipate we will identify additional opportunities to increase engagement.”
He said Sun Ping was in Papua New Guinea to research projects and work with the Government on a number of opportunities ahead of the Apec Leader’s Summit in November.
“The China EXIM Bank has an important role to play in
Papua New Guinea and we will continue to advance this engagement,” O’Neill said.
O’Neill welcomed the planned visit by President Xi during Apec Leaders’ Week.
“China is providing support for Apec 2018 Papua New Guinea and we look forward to hosting President Xi in November,” he said.