China Pledges $2 Billion For Sustainable Development

This China has promised two billion dollars to help Third-World countries meet UN-set goals for reorganising their entire economies:

Chinese President Xi Jinping announced on Saturday that Beijing will establish an assistance fund with an initial pledge of $2 billion to help developing countries implement a sweeping global sustainable development agenda over the next 15 years.

“China will continue to increase investment in the least developed countries, aiming to increase its total to $12 billion by 2030,” Xi told a sustainable development summit of world leaders at the United Nations in New York.

“China will exempt the debt of outstanding intergovernmental interest-free loans due by the end of 2015 owed by the relevant least developed countries, landlocked developing countries and small island developing countries,” he added.

If China and Russia have kept the UN up and running, one knows from just that that the UN is a terrible organisation.

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