China-LAC Special Loan for Combating COVID-19
2020-09-15
In order to cope with various challenges brought by COVID-19, support China and Latin American and Caribbean countries in jointly fighting against COVID-19 and safeguard the comprehensive cooperative partnership of equality, mutual benefit and common development between China and LAC, China Development Bank has set up the China-LAC Special Loan for Combating COVID-19. The Loan is to support Latin American and Caribbean countries’ public health programs, enhance their capacity in preventing and controlling COVID-19 and safeguard the sustainable development of China-LAC cooperation.
The total credit of the Loan is USD$ 1 billion, or in equivalence of RMB and Euro. The Loan will be used in the areas of prevention and fight against COVID-19 between China and LAC and will give priority to LAC countries with diplomatic relations with China. The Loan is of commercial nature and will be operated on market rules. According to the actual situation of the programs, the Loan can be conducted in models including Sovereign Loans or Export Credit (insured by Sinosure). The tenor of the Loan will not exceed 3 years.
Borrowers can apply the Loan directly from CDB or through Chinese embassy in the host country.
Contact Details of CDB
International Cooperation Department III
Division I | WU Yang | (86) 10 88308339 |
wu_yang@cdb.,cn | ||
Division II | WANG Tianzhen | (86) 10 88308320 |
wangtianzhen@cdb.cn | ||
Division III | ZHANG Yixin | (86) 10 68307923 |
zhangyixin@cdb.cn |
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