China is ready to support roads, ports and railways projects in Latin America, according to Chinese Premier Wen Jiabao.
Wen reportedly announced the commitment during a U.N. economic conference June 26 in Chile.
He said China Development Bank will provide $10 billion for infrastructure projects in the region. China will also put $5 billion in a cooperation fund that will invest in manufacturing, technology innovation and sustainable development.
Get development's most important headlines in your inbox every day.
Thanks for subscribing!
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.
About the author
Eliza Villarino
Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.