The Special Loan Program for China-Latin America Infrastructure Project (中拉基础设施专项贷款) is a special credit line established by the Chinese government of US$20 billion for financing of infrastructure projects in Latin America.[1] The program was announced in July 2014 during the inaugural China-LAC Summit with a commitment to implement the "special loans for Chinese-Latin American infrastructure".[2][3]
| Company type | Special credit line |
|---|---|
| Industry | Project Finance |
| Founded | 2014 |
The program is administered by China Development Bank and the capital is contributed from the State Administration of Foreign Exchange.[4]
According to an analysis published on the China and Latin America blog, the program could be a source of financing for the Bolivian segment of the planned Central Bi-Oceanic railway, a project vigorously pursued by Bolivian officials in 2016.[5]
References
edit- ^ Gallagher, Kevin (February 12, 2016). "China doubles bets on ailing Latin American economies". Financial Times.
- ^ "China offers $20 billion fund for Latin America infrastructure projects". AFP. July 17, 2014.
- ^ "Xi Jinping Attends China-Latin America and the Caribbean Summit and Delivers Keynote Speech, Comprehensively Expounding China's Policies and Propositions Toward Latin America, Announcing Establishment of China-Latin America Comprehensive Cooperative Partnership of Equality, Mutual Benefit and Common Development, and Establishment of China-CELAC Forum". Ministry of Foreign Affairs of the People's Republic of China.
- ^ "Chinese Finance to LAC in 2015: Doubling Down" (PDF). The Dialogue.
- ^ "Update: Twin Ocean Railway". China and Latin America. 3 June 2016.
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