The Export-Import Bank of China (China Exim Bank) said its outstanding loans for the Belt and Road Initiative (BRI) have surpassed a combined value of RMB 1 trillion ($149 billion), according to China’s State Council Information Office.
Currently, the BRI has a total of more than 1,800 projects underway, according to Zhang Qingsong, chairman of the bank.
The bank said it will thoroughly prepare for the second Belt and Road Forum for International Cooperation and later implement the agreements signed during the forum. The bank will also work to adopt a differentiated financing plan, develop new cooperative models for financing and beef up working on green financing this year, Zhang said.
The second Belt and Road Forum for International Cooperation is to be held in Beijing from April 25 to 27. Leaders including heads of state and governments from 37 countries are expected to attend the forum’s roundtable summit.