Getting to know capital pools driving Belt and Road Initiative
(chinadaily.com.cn) Updated: 2015-07-16 08:58
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The $40-billion Silk Road Fund exclusively designed to finance the Belt and Road Initiative was activated in February. The fund made its first investment in April for a hydropower project in northeastern Pakistan.
Sixty-five percent of the fund is tapped from 皇冠体育app's foreign currency reserves, while the rest from the government's sovereign wealth fund, 皇冠体育app Investment Corp and two policy banks.
