Global Development Initiative a beacon of hope in turbulent world

BEIJING -- The Global Development Initiative (GDI) has become a beacon of hope and a catalyst for international development cooperation in a world that has faced unprecedented challenges over recent years.

The GDI was proposed by Chinese President Xi Jinping at the 76th Session of the UN General Assembly in September 2021. It was put forward with the hope that countries would work together to overcome the impact of COVID-19 on global development, accelerate the implementation of the 2030 Agenda for Sustainable Development, and build a global community of development with a shared future.

China has called on all countries to increase their input in development, and advance cooperation on poverty alleviation, food security, COVID-19 response efforts and vaccines, development financing, climate change, green development, industrialization, the digital economy and connectivity.

Xi hosted the High-level Dialogue on Global Development virtually in June 2022, announcing that China will allocate more resources to global development cooperation.

China's efforts will include upgrading the South-South Cooperation Assistance Fund to a Global Development and South-South Cooperation Fund, adding 1 billion U.S. dollars to the fund in addition to the 3 billion U.S. dollars already committed, and increasing its input in the UN Peace and Development Trust Fund.