Chinese vice premier meets IFAD chief

BEIJING, Aug. 21-- Chinese Vice Premier Wang Yang met with Felix Kanayo Nwanze, president of the International Fund for Agricultural Development (IFAD), in Beijing on Wednesday.

Wang commended the mutually beneficial cooperation between China and the IFAD over the past 30 years.

He voiced hope that the two sides will promote the comprehensive development of rural finance cooperation and the "Going Out" policy of encouraging investment in foreign agricultural industries.

Nwanze said the IFAD will beef up cooperation with China and encourage other developing countries to share experiences with China on agricultural development as well as rural poverty reduction.

IFAD, a specialized agency of the United Nations, was established in 1977, with the aim of financing agricultural development projects primarily for food production in developing countries. China became an IFAD member in 1980.