Italy Eyes Loans from China's Development Bank for 'Belt and Road Initiative' Projects
By Davide Ghiglione, Rachel Sanderson, and James Kynge
Financial Times, London
Friday, March 15, 2019
Italy is considering borrowing from China's Asian Infrastructure Investment Bank as part of plans to become the first G7 country to endorse Beijing's contentious "Belt and Road" global investment programme.
The two countries are planning to "explore all opportunities for co-operation" in Italy and "third countries," according to the five-page draft accord obtained by the Financial Times. The wide-ranging agreement would span areas including politics, transport, logistics, and infrastructure projects.
... Dispatch continues below ...
ADVERTISEMENT Goldco Is America's No. 1 Gold IRA Provider
Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.
Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.
To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:
In a departure from previous Belt and Road Initiative accords, the two countries would "work together with the Asian Infrastructure Investment Bank," according to the working document. The draft shows that Italy is in advanced talks with China and resisting pressure from Washington and Brussels to drop those discussions at a time of rising concerns over Beijing's ambitions and potential security threat. ... ... For the remainder of the report: https://www.ft.com/content/29f4814c-467e-11e9-a965-23d669740bfb
* * * Join GATA here: Mining Investment Asia
Marina Bay Sands Conference and Exhibition Center
Tuesday-Thursday, March 26-28 https://www.mininginvestmentasia.com/ Mines and Money Asia
Hong Kong Conference and Exhibition Center
Wan Chai, Hong Kong
Tuesday-Thursday, April 2-4 https://asia.minesandmoney.com/ * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16