China to invest in Latin America

Note: This section contains information in English only.
Source: BBC
China and the Inter-American Development Bank (IDB) have reported that they plan to set up a fund worth 1 billion US Dollars aimed at developing markets of Latin America. The fund will provide financial backup for private and public sector projects as well as it will invest in equity markets. The Export-Import Bank of China and IDB will provide 150 million US Dollars each and the rest of the sum is planned to be raised directly from Latin American market.


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