China-LAC Cooperation Fund Information

The China-LAC Cooperation Fund (hereinafter referred to as "the Fund") is initiated by the Chinese Government with an investment of 5 billion USD by Chinese institutions. The Fund is comprised of two parts: part one is the China Co-financing Fund for Latin America and Caribbean Region, which has an initial input of 2 billion USD by China and is executed by the IDB in financing projects in LAC region in areas including education, water conservancy and energy, etc. The Co-financing Fund is already up and running. Part two is a private equity fund (hereinafter referred to as"the PE Fund"). The PE Fund is administered by The Export-Import Bank of China (China EXIM Bank) with a commitment of 3 billion USD from Chinese institutions, whilst the preparation work is scheduled to be accomplished by the end of June and the PE Fund is scheduled to be operational by December 2015. The PE Fund will focus on a diversified range of sectors including but not limited to energy and natural resources, infrastructure, agriculture, manufacturing, high-tech and information technology.