China providing infrastructure funding for Latin American and Caribbean countreis

China is providing some US$20 billion worth of financing for infrastructure projects in Latin American and Caribbean nations. The money will be available in tranches with the first worth $10 billion and this was agreed following talks between the Chinese, Latin American and Caribbean heads of state. China already has considerable involvement in some major projects in Latin America, according to Business News Americas. This further funding source will strengthen the financial relationships.
July 21, 2014 Read time: 1 min

China is providing some US$20 billion worth of financing for infrastructure projects in Latin American and Caribbean nations. The money will be available in tranches with the first worth $10 billion and this was agreed following talks between the Chinese, Latin American and Caribbean heads of state. China already has considerable involvement in some major projects in Latin America, according to Business News Americas.  This further funding source will strengthen the financial relationships.

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