BancoEstado and China Development Bank signed a cooperation agreement
This agreement could result in a direct financing of CHDB to BancoEstado, besides their cooperation in project’s area and providing financial support to different initiatives with development potential or that may represent an important contribution for bilateral assistance.
Likewise, in order to promote business incubation and capacity development, BancoEstado and CHDB may agree on staff exchange and training in areas such as economics, finance, management and technology. This includes the necessary training and support for better understanding financial, economic, legal and investment markets in both countries.
The China Development Bank was founded in March 1994 and its main mission is to help strengthen China’s competitiveness and improve living standards of their people, supporting public policies through medium and long term loans. This financial institution had an important role in financing key projects in terms of infrastructure and support for basic industries.