Since the first Forum on China Africa Cooperation conference in 2000, the Chinese government has successfully delivered $63.5 million in development finance. These projects include $4.4 million for construction of the Poilão dam in the Santa Cruz, $22 million to build a sports stadium in Monte Vaca, and $2.3 million in debt forgiveness. During the 2010 Forum for Economic and Trade Cooperation between China and Portuguese speaking countries in Macau, Wen Jiaobao announced the creation of a $1 billion fund aimed at boosting trade between China and Portuguese speaking countries.
^Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. 2013. China’s Development Finance to Africa: A Media-Based Approach to Data Collection. CGD Working Paper 323. Washington DC: Center for Global Development. http://aiddatachina.org/projects/797