Special Loan Program for China-Latin America Infrastructure Project
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| Company type | Special credit line |
|---|---|
| Industry | Project Finance |
| Founded | 2014 |
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. 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".
The program is administered by China Development Bank and the capital is contributed from the State Administration of Foreign Exchange.
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.
References
- ^ 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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