China-IIC SME Equity Investment Trust Fund
With the support of the People’s Republic of China, the IIC established the China-IIC SME Equity Investment Trust Fund to promote the development of Latin America and the Caribbean, and to boost equity investments in the region. The Fund is designed to provide financing for small and medium-sized enterprises through equity and quasi-equity instruments.
The People’s Republic of China joined the Inter-American Development Bank (IDB) Group on January 12, 2009, subscribing shares of the IIC, contributing US$75 million towards the establishment of the Trust, and becoming the forty-fourth member country of the IIC.
The IIC administers the Trust according to the operating principles approved by its Board of Executive Directors.