China-IDB Fund Could Mobilize $1 Billion for Latin America and the Caribbean

By: Caribbean Journal Staff - March 20, 2012

Above: IDB President Luis Alberto Moreno (IDB Photo)

By the Caribbean Journal staff

The Export-Import Bank of China and the Inter-American Development Bank are working to create an investment platform for Latin America and the Caribbean that could create as much as $1 billion for equity investments aimed at sustainable development.

The platform, which should be operational this year, comes after the signing of a letter of intent between the two parties last year.

The IDB will provide a $150 million loan to the China Latin America and the Caribbean investment platform, to be matched by Exim Bank.

“This new platform will promote stronger investment ties between China and Latin America and the Caribbean, helping our region overcome some of the most important development challenges,” said IDB President Luis Alberto Moreno. “This partnership is an example of how the IDB can play a pivotal role in increasing cooperation between our region and China to promote greater trade and investment.”

According to Liu Liange, vice president of China Eximbank, “the demands and aspirations in economic and technical cooperation between China and Latin America and the Caribbean are growing gradually.”

“IDB and China Eximbank have undertaken this initiative to develop an investment mechanism to meet the common interest of Latin America, the Caribbean and China,” he said.

The two parties are in the process of selecting firms to manage the investments and raise funds from the markets.

Popular Posts cape santa maria

From Anguilla to Aruba, the Best Caribbean Beaches to Visit This Summer

Forget the Hamptons, forget Santorini. And Florida? There’s a reason snowbirds go home in the summer. If you’re looking for a summertime beach getaway, the Caribbean is it. The water is deliciously warm, the trade winds keep you cool and […]

From Belize to Grenada, 10 Little Caribbean Beach Resorts to Visit Right Now 


There are different resorts for different vacations, different tastes, different moods. For some, there’s something delicious about a pint-sized, tiny Caribbean resort, where the emphasis is on the intimate, the serene. Where the soundtrack isn’t a piped-in DJ set, but […]

American Airlines Adding More Flights as Cayman Islands Travel Demand Surges

american airlines beach with brush and blue sky

As part of a continued push to the Caribbean for the upcoming winter, American Airlines is adding another daily nonstop route, Caribbean Journal has learned.  American Airlines is transitioning to daily nonstop service between Dallas-Fort Worth and Grand Cayman in […]

Related Posts

Grenada, China Eye Air Services Agreement

Closer to pact By the Caribbean Journal staff Grenada and China are “pressing ahead with plans to formalize an air services agreement,” Grenada’s government said in a statement. That was announced by Grenada Prime Minister Dr Keith Mitchell following his […]

China to Increase Cooperation With Grenada on Climate Fight

A new push By the Caribbean Journal staff China will be enhancing its cooperation with Grenada in the fight against climate change. Chinese Premier Li Keqiang said this week that the country would “strengthen communication and coordination with Grenada on […]

From Jamaica to China, a Journey of Identity

Exploring the new memoir Finding Samuel Lowe by Paula Williams By Dana NIland CJ Contributor “Finding Samuel Lowe” chronicles author Paula Williams Madison’s search not only for her grandfather she never knew – the eponymous Samuel – but for a family and […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You