Silk Road Fund
The Silk Road Fund ( Chinese 丝路 基金 , Pinyin Sílu jíjin ) is a Chinese state-owned investment fund for the development and financing of infrastructure projects that are part of the new Silk Road initiative “ One Belt, One Road ” (OBOR, “ One Belt, One Road ”) ) should be realized.
The fund was officially opened in Beijing on December 29, 2014 with seed capital of US $ 10 billion . In May 2017, it was topped up by a further $ 14.5 billion to cover the increased financing requirements.
Since then, investments have been made in the Karot hydropower project on the 4th cascade on Jhelam in northern Pakistan . This region is located in the "China-Pakistan Economic Corridor" ( China-Pakistan Economic Corridor ), the promotion of which is part of the OBOR initiative.
Web links
- Silk Road Fund - Official Homepage (Chinese, English)
- Karot Hydroelectric Power Plant - Official Homepage
- spiegel.de April 7, 2018: Debt trap Silk Road: China lures with 900 billion dollars
Footnotes
- ↑ Silk Road Fund to invest in hydropower project in Pakistan Xinhua April 21, 2015
- ^ "Silk Road Fund's 1st investment makes China's words into practice" Xinhua April 21, 2015
- ^ 1. “Silk Road Fund” project, accessed on February 4, 2016