Special Loan Program for China-Latin America Infrastructure Project
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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]