Wang Yi: SSCAF, ISSCAD become important public goods China provides for South-South cooperation

State Councilor and Foreign Minister Wang Yi attended and addressed the fifth anniversary of the establishment of the South-South Cooperation Assistance Fund (SSCAF) and the Institute of South-South Cooperation and Development (ISSCAD) on July 8.

Wang said that over the past five years, the SSCAF, in close collaboration with more than ten international organizations, has supported over 100 livelihood projects in more than 50 countries, benefiting more than 20 million people. It has made concrete contributions to the attainment of the UN Sustainable Development Goals for 2030.

The ISSCAD has enrolled over 200 students from nearly 60 countries into master's and doctorate's programs. It has disseminated theories of national development, shared governance experience, built a platform of research and exchange, and cultivated talent for governance from many developing countries, Wang said.

He said with support from various quarters, the fund and the institute have become important public goods that China provides for South-South cooperation. They are now important international brands for developing countries to promote South-South cooperation and sustainable development. President Xi Jinping sent a special congratulatory letter and pointed the way forward for the future development of the fund and the institute. This once again shows how much President Xi and the Chinese government value South-South cooperation. It will inspire us to continue the success of the SSCAF and the ISSCAD and enable them to play a bigger role in South-South cooperation.