Plans for $1 Billion in Chinese Funding for Caribbean

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Eximbank

China’s Export-Import Bank has plans to launch a $1 billion fund to invest in Latin America and the Caribbean, following several years of significant spending in the region. In 2009, China invested $7 billion in the region through private corporations on infrastructure projects ports and hotels. The investments were reported by Adam Wu, COO of China Business Network, to delegates of the recent Caribbean Hotel and Tourism Investment Conference in Montego Bay. [Nation News]