Visa Free Travel Archives - The China-Global South Project

China Offers New Credit to Latin America, Caribbean in Show of Solidarity

China will extend RMB66 billion ($10 billion) in fresh credit lines to Latin American and Caribbean countries. The financing will be denominated in yuan and represents a further internationalization of the Chinese currency. The financing will be used for infrastructure and development projects.

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China Offers New Credit to Latin America, Caribbean in Show of Solidarity