The China-LAC Cooperation Fund (abbreviated CLAC Fund) is a multilateral investment and financing cooperation fund established by the Chinese government. It was founded in 2015 with an initial investment of 5 billion USD by Chinese institutions. The Fund is composed of two main parts: a US$2 billion co-financing facility managed by the Inter-American Development Bank (IDB) which focuses on projects in education, water conservancy, and energy, and a US$3 billion private equity fund administered by The Export-Import Bank of China, focusing on sectors such as energy, infrastructure, agriculture, manufacturing, and high-tech.The Fund supports investments and projects in Latin America and the Caribbean, and invites participation from governments, enterprises, and financial institutions in those regions to recommend qualified projects for investment. Projects such as those in Brazil and Jamaica have been financed under this program, aligning with China's broader goals in the region and supporting sustainable development initiatives.
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