Indian Prime Minister Manmohan Singh announced the pledge on May 24 at the India-Africa summit in Ethiopia, where he also offered $300 million for the construction of a new railway line linking Ethiopia and Djibouti.
Singh said India’s assistance to Africa will focus on four priority sectors: infrastructure development, capacity building, human resource development and regional integration. In his remarks at the summit, the prime minister also emphasized India’s commitment to help Africa realize its potential.
Singh’s latest offer builds on the pledge by the Indian government in January 2010 to increase its credit line to Africa from $2.5 billion to $5.4 billion by 2012.
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