China Boosts Asia Credit Guarantee Fund Resources

China will invest USD200 million in an Asian credit guarantee fund that will be formed in 2010, the

reports. Zhang Xiasong, director general of the International Department of China's Ministry of Finance, said the Asian Development Bank, Japan and some countries in the Association of Southeast Asian Nations may also contribute to the fund.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.