On the afternoon of October 15, Dr. Wu Zhong, Director-General of the Finance Center for South-South Cooperation (FCSSC), met with President Duma Boko of Botswana at the Diaoyutai State Guesthouse.
Dr. Wu provided President Boko with a detailed overview of the core mandate and priority work of the Center. Based in Hong Kong, the FCSSC is an international non-profit organization holding special consultative status with the United Nations Economic and Social Council (ECOSOC). Its major operations fall into three categories.
First, the FCSSC develops overseas industrial parks to support Chinese enterprises in going globally while helping developing countries attract investment. It has established industrial parks in Djibouti, Nigeria, Saudi Arabia, and Indonesia. Second, the FCSSC promotes knowledge and experience sharing through international forums and training programs. It invites international participants to China to attend forums and training courses, exchange technical expertise and development knowledge, and build extensive cooperation networks. Each year, the FCSSC co-organizes a training program for financial leaders from developing countries with the PBC School of Finance of Tsinghua University. It also holds an international training program on edible fungi cultivation and sustainable agriculture in Fujian Province. Third, the FCSSC provides financial and investment services to address gaps in financial services for Chinese enterprises expanding overseas and assist them in identifying overseas investment projects.
Dr. Wu noted that the FCSSC remains committed to advancing the broader agenda of South-South cooperation, focusing on the priority needs of developing countries and promoting practical cooperation in industrial development.
President Boko underscored that South-South cooperation plays an increasingly vital role in the economic and social development of developing countries worldwide. He recognized and commended the FCSSC’s achievements in South-South cooperation. He noted that Botswana is undergoing economic structural transformation and hopes to attract substantial international industries and investment. He expressed readiness to leverage the FCSSC’s platform to deepen alignment and accelerate project delivery. President Boko invited Dr. Wu to visit Botswana at the earliest opportunity.
During President Boko’s state visit to China, President Xi Jinping met with him and hosted a welcoming banquet. Premier Li Qiang and Zhao Leji, Chairman of the Standing Committee of the National People’s Congress, also met with President Boko separately. President Boko additionally visited Fujian Province.
