Since 2005, China has poured over $141 billion in loans into the Latin American and Caribbean (LAC) region. This is more than lending from the World Bank, the Inter-American Development Bank (IDB) and the CAF Development Bank of Latin America combined.
China is also working to bring its Belt and Road Initiative (BRI), which aims to expand overseas investment by building infrastructure for land and sea routes across the world, to the region. It also purports to help developing countries improve their infrastructure and capitalize on trade opportunities with China.
International China Investment Forum (ICIF) launched the first China forum in Latin America in 2007 covering 60% of the region, brought Investment from China to Latin America. Right now, of the $141 billion China has invested into Latin America, 90 percent has been directed to four countries; Venezuela ($67 billion since 2001), Brazil ($30 billion), Ecuador ($20 billion since 2009) and Argentina (close to $20 billion).
China is also working to bring its Belt and Road Initiative (BRI), which aims to expand overseas investment by building infrastructure for land and sea routes across the world, to the region. It also purports to help developing countries improve their infrastructure and capitalize on trade opportunities with China.
International China Investment Forum (ICIF) launched the first China forum in Latin America in 2007 covering 60% of the region, brought Investment from China to Latin America. Right now, of the $141 billion China has invested into Latin America, 90 percent has been directed to four countries; Venezuela ($67 billion since 2001), Brazil ($30 billion), Ecuador ($20 billion since 2009) and Argentina (close to $20 billion).
