Both the co-financing facility and fund support investments and projects in Latin America and the Caribbean.
[1] It is one of three multilateral cooperation funds created by the Chinese government to advance the economic relationship between China and Latin America.
The other two are Sino-Latin American Production Capacity Cooperation Investment Fund (China-LAC Industrial Cooperation Investment Fund) and the Special Loan Program for China-Latin America Infrastructure Project.
[2][3] The initial scale of the investment fund is US$3 billion contributed by the Chinese government.
In Brazil the fund was involved in the acquisition of a project from Duke Energy and an investment in Electrosul.