China-LAC Cooperation Fund

The China-LAC Cooperation Fund (abbreviated CLAC Fund) is a multilateral investment and financing cooperation fund established by the Chinese government to support projects in Latin America and the Caribbean. The fund comprises two components: a US$2 billion co-financing facility administered by the Inter-American Development Bank and a private equity fund administered by the Export-Import Bank of China.

Source: Wikipedia — China-LAC Cooperation Fund (CC BY-SA 4.0)