Special Loan Program for China-Latin America Infrastructure Project

Special Loan Program for China-Latin America Infrastructure Project
Company type	Special credit line
Industry	Project Finance
Founded	2014

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]

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]

References

^ Gallagher, Kevin (February 12, 2016). "China doubles bets on ailing Latin American economies". Financial Times.
^ "China offers $20 billion fund for Latin America infrastructure projects". AFP. July 17, 2014.
^ "Xi Jinping Attends China-Latin America and the Caribbean Summit and Delivers Keynote Speech, Comprehensively Expounding China's Policies and Propositions Toward Latin America, Announcing Establishment of China-Latin America Comprehensive Cooperative Partnership of Equality, Mutual Benefit and Common Development, and Establishment of China-CELAC Forum". Ministry of Foreign Affairs of the People's Republic of China.
^ "Chinese Finance to LAC in 2015: Doubling Down" (PDF). The Dialogue.
^ "Update: Twin Ocean Railway". China and Latin America. 3 June 2016.

Belt and Road Initiative

Corridors and projects
(2019 Joint Communique)

Asia	China-Pakistan Economic Corridor Trans-Himalayan Network/China–Nepal Railway China-Myanmar Economic Corridor Eastern Economic Corridor (Thailand) Two Corridors, One Belt (Vietnam) Economic corridor in Greater Mekong Subregion China-Indochina Peninsula Economic Corridor/Laos-China Economic Corridor China-Laos-Thailand Railway Cooperation New International Land-Sea Trade Corridor Regional Comprehensive Economic Corridor (Indonesia) China-Malaysia Qinzhou Industrial Park Malaysia-China Kuantan Industrial Park Brunei-Guangxi Economic Corridor China-Central Asia-West Asia Economic Corridor Uzbekistan-Tajikistan-China International Highway China-Kyrgyzstan-Uzbekistan International Highway
Eurasia	New Eurasian Land Bridge Port of Piraeus China-Europe Land-Sea Express Line Baku–Tbilisi–Kars railway/Alyat Free Economic Zone Trans-European Transport Network TRACECA/TITR China–Belarus Industrial Park China–Mongolia–Russia Economic Corridor International North–South Transport Corridor
Africa	Suez Canal Economic Zone Cape to Cairo Road Port Sudan-Ethiopia Railway Addis Ababa-Djibouti Economic Corridor Northern Corridor LAPSSET VICMED
Americas	Agua Negra Pass International Tunnel
Theme	Transoceanic fiber optic cable Polar Silk Road

Linked to the BRI

Corridors	Air Silk Road Space Silk Road Digital Silk Road Global Energy Interconnection Bangladesh, China, India and Myanmar Economic Corridor
Projects	Hulhumalé Sino-Oman Industrial Park China-UAE Industrial Zone Port of Haifa Lekki Free Trade Zone

Financial

Concepts

Banking

Policy	Agricultural Development Bank of China China Development Bank China Exim Bank Sinosure Sino Guarantee
Multilateral	Asian Infrastructure Investment Bank New Development Bank SCO Interbank Consortium

Platforms

Funds	Silk Road Fund Green Silk Road Fund China-Eurasian Economic Cooperation Fund China-ASEAN Investment Cooperation Fund Russia-China Investment Fund China-CEE Investment Cooperation Fund China-LAC Cooperation Fund Sino-Latin American Production Capacity Cooperation Investment Fund China-Brazil Fund China Africa Development Fund
Credit lines	Special Loan Program for China-Latin America Infrastructure Project China-Arab states special loans