On the morning of August 16, 2024, Wang Kun, Deputy Secretary of the Party Committee and General Manager of COVEC held a video meeting with Zhang Wenhe, head of the Infrastructure Division of the Multilateral Investment Guarantee Agency (MIGA) Operations Department of the World Bank. The two sides had in-depth exchanges and reached broad consensus on strengthening practical cooperation.
  Wang Kun briefly introduced the overall situation and development layout of CREC and COVEC, as well as the specific situation of enterprises actively promoting the implementation of livelihood projects along the Belt and Road Initiative. Wang Kun said that as one of the earliest Chinese enterprises to "go global", COVEC has been working in Africa, Central and Western Asia, Latin America and other regions for decades, and has always been committed to creating high-quality projects and serving local people's livelihood, which is highly consistent with the vision and mission of the World Bank. It is hoped that the two sides can strengthen communication and information sharing, and actively seek in-depth cooperation in investment and financing in key areas and key countries.
  Zhang Wenhe highlighted the current development of the World Bank, as well as MIGA's guarantee program, product advantages, and application process. He said that the World Bank has always been committed to finding a sustainable way to reduce poverty and build shared prosperity in developing countries, and hopes to give full play to their respective advantages in livelihood projects such as water, energy, health and telecommunications with COVEC to jointly support and promote the sustainable development of relevant regions and countries.
  Mr. Liu Shanrong, chief accountant of COVEC, and relevant responsible persons of the company's financial department and Marketing Department (investment and Financing Department) accompanied the meeting.