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PM Modi announces $10 billion additional credit for Africa

02/11/2015


PM Modi announces $10 billion additional credit for Africa

NEW DELHI: Prime Minister Narendra Modi said on Thursday that India and Africa must speak in one voice for reforms in international institutions like the UN Security Council.


Addressing the India-Africa Forum Summit in the national capital, he also took the opportunity to announce a credit of $10 billion to Africa, in addition to the ongoing credit programme. "To add strength to our partnership, India will offer concessional credit of $10 billion over the next five years. This will be in addition to our ongoing credit programme," said Modi.

Making common cause with African nations again, like he did on Wednesday, Modi said​ international institutions cannot be representative of the world if they do not give a place to India and Africa. "​This ​ is a world of free nations and awakened aspirations. Our institutions cannot be representative of our world, if they do not give voice to Africa, with more than a quarter of UN members, or the world's largest democracy with one-sixth of humanity. That is why India and Africa must speak in one voice for reforms of the United Nations, including its Security Council," he reiterated.

(indiatimes.com)

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