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Agricultural Development Bank of China
Company

China Development Bank pledges financing for sustainable poverty alleviation efforts

October 13, 2020


Abstract : The China Development Bank (CDB), one of the country's policy banks, has established a loan issuance plan to promote relocation programs under the country's poverty relief efforts.

BEIJING, Oct. 12 (Xinhua) -- The China Development Bank (CDB), one of the country's policy banks, has established a loan issuance plan to promote relocation programs under the country's poverty relief efforts.

The lender has pledged to step up financial support in the next five years for the follow-up development of these programs.

Priority will be given to facilitating the development of industrial parks and related enterprises, enhancing the construction of supportive infrastructure in resettlement regions, and improving local public services.

The bank also said that from the start of 2020, new loans for resettlement projects will have lower rates to facilitate the subsequent development of these projects.

Founded in 1994, the CDB was designed to finance major national projects and development strategies. Enditem

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Keyword: CDB poverty alleviation

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