Chinese entrepreneurs and financiers developed through long-term practices a series of new approaches and models to tackle ecological challenges, create economic value and promote people's well-being, said Yang Dongning, vice president of the Export-Import Bank of China (China EximBank).
Such new approaches and models offer new wisdom and solutions to the sustainable development of Global South countries, noted Yang during the 2026 Global South Financiers Forum that opened on Wednesday.
Photo shows Yang Dongning, vice president of the Export-Import Bank of China delivers a keynote speech on the 2026 Global South Financiers Forum.
As Yang held, green development is the defining feature of high-quality development of Global South countries and China EximBank has always attached importance to and actively facilitated green, low-carbon, and sustainable development of Global South countries.
China EximBank prioritizes green development philosophy-led development, added Yang, citing the Mombasa-Nairobi Standard Gauge Railway in Kenya as an example for harmonious coexistence between humanity and nature.
The railway financed by the bank and others has 79 bridges, 572 culverts, and 900 kilometers of protective fencing, creating safe passages for various wildlife and avoiding disruption to their habitats and migration.
Meanwhile, resource endowments of host countries where projects financed by the bank are located are leveraged to foster their green development, according to Yang. In Argentine province of Jujuy, the region's high-altitude solar resources were capitalized to address local power supply challenges through photovoltaic power.
Moreover, China's industrial advantages are exploited in supporting related green projects. For example, the Mafeteng PV power plant in Lesotho supported by the bank has generated over 100 million kWh of electricity, which not only meets approximately one-fifth of the country's total electricity demand but also facilitates export of made-in-China PV modules, inverters, and engineering equipment to the African market.
What's more, pooling financial resources of multiple parties is attached importance to in supporting related green projects by China EximBank, which has cooperated with international partners in funding hydropower stations in Pakistan, Peru, etc. to facilitate local energy supply structure optimization.
At a time when Global South countries are moving to rev up their green and low-carbon transition, China EximBank is willing to join hands with various parties to expand international financing cooperation and green projects fund sources to pump enduring vitality into the green and sustainable development of Global South countries, added Yang.
(Edited by Duan Jing, duanjing@xinhua.org)
A single purchase
