SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

BEIJING, May 18 (FAM) – Chinese bank governors pledged to fund projects related to the Belt and Road Initiative, saying that special loans will be offered to finance cooperation projects among en-route countries in terms of infrastructure, capacity building and finance.

The promise came after Chinese President Xi Jinping announced on Sunday that two of China’s banks, the China Development Bank (CDB) and the Export-Import Bank of China (EIBC) will set up special lending schemes respectively worth RMB 250 billion ($3.6 billion) equivalent and RMB 130 billion ($1.9 billion) equivalent to support Belt and Road cooperation on infrastructure, industrial capacity and financing.

 

Advertisements