EIB and Silk Road Fund launches new BRI fund

EIB and Silk Road Fund launches new BRI fund

14/06/17

Melanie Ullrich, Business and Policy Programme Manager

The European Investment Bank (EIB) and the Silk Road Fund have launched a new fund to support the Belt and Road Initiative (BRI), as part of the effort to enhance cooperation under the existing framework. The EU-China fund is expected to provide €500million to support equity investment across Europe.

“The new China-EU Co-Investment Fund will build on the strong spirit of partnership between Europe and China and I wish all involved the best of success” said Jonathan Taylor, European Investment Bank Vice President responsible for East Asia.

Creation of the China-EU Co-Investment Fund will help to further develop synergies between the China’s BRI and the Investment Plan for Europe: the so-called “Juncker Plan”, the European Union’s strategy which aims to mobilise €315bn of new public and private investment across Europe.

According to the Belt and Road Portal, the EIB is considering co-financing a green transportation project with the Asian Infrastructure Investment Bank in an as yet unspecified Asian country.

Jonathan Taylor will brief Asia House corporate members on EIB’s operations in Asia, green finance, and China’s Belt & Road Initiative on 8 September.