PANAMA CITY: China will invest US$2bil to back Interamerican Development Bank (IADB) public and private sector projects in Latin America and the Caribbean, the development bank said.
The contribution by the People's Bank of China would be used to co-finance up to US$500mil in IADB public sector loans and up to US$1.5bil in private sector credit, available over the next three to six years, the IADB said in a news release.
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