BEIJING, June 21 (Xinhua) -- By the end of the first quarter of 2018, the balance of Belt and Road (B&R) project loans issued by the Export-Import Bank of China (China Eximbank) exceeded 830 billion yuan (about 128 billion U.S. dollars), according to Li Zhongyuan, general manager of the Risk Management Department of the bank.
At a press conference on June 14, Li noted that China Eximbank was involved in 28 loan agreements in the list of achievements of the Belt and Road Forum for International Cooperation in 2017. Among this agreements, 23 have come into effect, 14 of which have been allocated for the first time.
As a policy banking institution, China Eximbank has supported construction of a series of significant B&R projects, including the Mombasa Port-Nairobi Railway, the China-Laos Railway, the Addis Ababa-Djibouti Railway, the Hungary-Serbia Railway, and the Gwadar Port, according to Li.
Meanwhile, China Eximbank strengthened fund support to B&R construction by establishing or participating in five funds, including China-ASEAN Investment Cooperation Fund, China-Central and Eastern Europe Investment Cooperation Fund, China-Eurasia Economic Cooperation Fund, Silk Road Fund and China-Africa Fund for Industrial Cooperation. (Edited by Li Wenxin)
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