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CHINA donated $100 million (£80m) to Cuba on Wednesday as part of a co-operation agreement between the two socialist nations.
Cuba’s ambassador to China, Carlos Pereira, and the vice-president of the China International Development Cooperation Agency, Tang Wenhong, met in Beijing to sign the historic co-operation agreement for financial support to the Caribbean island blockaded by US sanctions.
Mr Pereira said the agreement formalises the donation pledged by China during the visit of President Miguel Diaz-Canel to the nation in November 2022.
The ambassador said the donation will go towards projects of high social impact.
Mr Pereira said it is ratification “of China's strategic participation in our economic and social development plans.”
The Chinese government is committed to Cuba's development based on co-operation, Mr Diaz-Canel said, particularly on biological and information technology, energy and cybersecurity.
Diplomatic relations between the two nations date back to 1960, with Cuba the first Latin American country to establish diplomatic ties with China.
Cuba’s economy has been hit by illegal US-imposed sanctions for more than 60 years, an embargo regularly condemned by the United Nations general assembly.
