A statement from the Inter-American Development Bank (IDB) reads:

IDB approves $153 million in loans to establish an IDB and China Eximbank capital investment platform

The Inter-American Development Bank (IDB) has approved $ 153 million in loans for new a capital investment platform for Latin America and the Caribbean, in partnership with the Export-Import Bank of China (China Exim).

It is expected that the new platform will mobilize some U.S. $1.8 billion through a diversified group of investors, including Chinese investors to finance capital investments that will support financial and economic integration between Latin America and the Caribbean (LAC) and China. The platform consists of three regional investment funds implementing venture capital in infrastructure, medium sized businesses and natural resource projects, including agribusiness, energy and mining, particularly in pre-production.

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