Beijing says new agency will improve foreign aid coordination

Reuters BEIJING (Reuters) — China plans to set up an international development cooperation agency, according to a parliament document released on Tuesday, to better coordinate its foreign aid program.

The new agency will be responsible for forming policies on foreign aid, as well as granting aid and overseeing its implementation, according to the document.

“The move is to give full play to foreign aid as a key means of major-country diplomacy, enhance strategic planning and coordination of foreign aid, and better serve the country’s overall diplomatic layout and the Belt and Road Initiative,” state news agency Xinhua said.

The Belt and Road initiative refers to President Xi Jinping’s landmark scheme to build a new Silk Road, connecting China to Asia, Africa, Europe and beyond.

The new agency will be formed as part of a broad reshuffle of government departments that China’s largely rubber-stamp parliament will formally approve on Saturday.Speech

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