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DAKAR, Aug. 27 (Xinhua) -- Senegalese President Macky Sall has said he will push for funding of African economies, equity and fight against tax evasion during the G20 Summit that will be held between Sept. 4 to 5 in Hangzhou, China.


The president who will attend the 11th G20 Summit in his capacity as the chairman of the New Partnership for African Development (NEPAD), made the remarks during an interview he gave to Chinese media in Dakar.


"There should be more investments than aid for African countries," Sall said.


"Three years ago, I appealed for measures that would help to bring growth to Africa. Africa needs more investments and partnerships," the Senegalese president said.


We must ensure that the partnerships between Africa and other G20 countries are built on mutual interest and in a manner that will allow Africans, African businesses and African governments to access long term financial resources that should be less expensive to allow for development, Sall noted.


"Everyone wins, because Chinese enterprises can work just like other international firms. Africa will achieve development and it will also invest in itself. The funding will enable our economies to recover from the delays witnessed in the priority sectors such as infrastructure and energy," he said.


The second issue that the NEPAD chairman will be raising during the summit of 20 largest economies in the world will be equity and the fight against tax evasion in Africa.


"Africa is a continent which, often, has unfortunately been exploited. Multinationals that operate in capitalistic sectors have always benefited from legislations that totally exonerate them from paying taxes. And yet today, to fund development on the continent, we first need to count on internally mobilized resources," Sall said.


We should therefore change international taxation regime so that wealth created in a country can generate revenue for those countries that have the natural resources, the Senegalese president recommended.


"We can reverse the trend and Africa will not need to ask for aid, because the generated tax resources will positively fund development on the continent," he affirmed.


Sall further expressed hope that the G20 "will help the international community and especially Africa" to be able to achieve growth based on new technologies and investments.


In this regard, he hailed the Forum on China Africa Cooperation, whose last summit was held in Johannesburg where China promised to give Africa financial support of 60 billion U.S. dollars over the next three years.


The 11th edition of the G20 Summit will be held under the theme "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy."


DUBAI Nike KD Trey 5 III Australia , May 20 (Xinhua) -- Egypt's interim Prime Minister Ibrahim Mahlab said here on Tuesday, that the "new Egypt" would be in contact with East and West without any preferences and that his country has still to implement vast economic reforms to get back on the growth track.


Delivering a keynote speech at the 13th Arab media forum Nike KD 11 Australia , Mahlab said Egypt was ready to open a new chapter to find its place in the world and after its coming presidential election on May 26 and 27.


"We want the election to be transparent after which economic and social reform will follow to reach better standards," said the prime minister of the most populous Arab country.


He stressed that the new Egypt has to eradicate extremism and intolerance in order to find its place within the Arab world and the international community.


Asked by Xinhua at a following press conference whether the new Egypt would be more oriented to the East or to the West Nike KD 10 Australia , Mahlab answered "Egypt will not have preferences in this regard, it will be an open country and ready to connect with every country."


The new Egypt shall be tolerant internally and shall deliver the message of peace which was central in Islam Nike KD 9 Australia , said Mahlab.


Former Egyptian army chief Abdel Fattah El-Sisi and leftist leader Hamdeen Sabahi are the only contenders in the Egyptian presidential election.


On Syria, the head of Egypt's interim government described that situation in Syria as a humanitarian tragedy. "I favour a solution for Syria which is initiated by the Arab League in order to help the Syrian people."


He thanked the Gulf Arab oil states for financial aid after the ouster of president Mohammed Morsi in July last year.


The United Arab Emirates Nike KD 8 Australia , Saudi Arabia and Kuwait pledged over 12 billion dollars in financial aid to Egypt after Morsi's ouster in order to prevent the Egyptian economy from collapsing, which had been suffering from a sharp fall in trade Nike KD 7 Australia , tourism and industrial production since the Arab turmoil started in January 2011.


According to the World Bank, Egypt fell into recession in 2012 and has since then been in recession.


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