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China offers donation, credit to Bolivia

(Xinhua)
Updated: 2009-09-30 10:51

LA PAZ: China will donate 15 million RMB (US$2.19 million) and offer interest-free credit of 20 million RMB($2.92 million) to Bolivia to aid the latter's development

Related readings:  Bolivia set to buy Chinese telecoms satellite  China, Bolivia presidents agree to further ties  Bolivia hails China's entry to IDB

Under the two treaties signed by Bolivia and China Tuesday,  the money is to be invested into Bolivia's poverty-relief projects, such as the supply of drilling equipment for water wells.

The treaties were signed at the Bolivian Foreign Ministry by Qu Shengwu, Chinese ambassador to Bolivia and Bolivian Foreign Minister David Choquehuanca.