U.S. veto financing from multilateral banks to Chinese companies in Colombia

Petro Shrugs Off US Move to Defund Chinese Projects in Colombia

President Gustavo Petro brushed off the US bid to block the financing of projects in Colombia being built by Chinese state companies as his administration moved to join a development bank backed by the Asian nation.

Washington. The United States will “energically” oppose the Chinese Silk Road projects in Latin America, warned the State Department this Thursday after Colombia joined this Beijing program.

US Moving to Block Funding for Chinese Projects in Colombia After Nation Joins BRI

The State Department’s Bureau of Western Hemisphere Affairs said on May 15 that the United States will oppose international groups funding Chinese regime-backed projects in Colombia, a day after the South American nation signed a pact to join China’s Belt and Road Initiative (BRI). “The U.S. will strongly oppose recent projects and upcoming disbursements by the @the_IDB and other IFIs for Chinese state-owned and controlled companies in Colombia …

U.S. Financial Threat Against China’s Belt and Road Initiative Projects in Latin America - teleSUR English

The United States launches a financial offensive to block international funding for Chinese projects in Latin America, responding to growing cooperation between countries like Colombia and China under the Belt and Road Initiative. Related: Trump Says No Progress in Russia-Ukraine Peace Talks Until He Meets With Putin The U.S. administration, led by Donald Trump, has issued a direct threat to the Inter-American Development Bank (IDB) and other in…

The U.S. State Department's Office for Western Hemisphere Affairs issued a direct warning this Thursday against the international financing of Chinese companies operating in Latin America, coinciding with Colombia's President Gustavo Petro's official visit to China. According to the statement, Washington will "strongly" oppose any project supported by the Inter-American Development Bank (IDB) or other multilateral entities if they benefit state …

The United States has announced the first reprisals against Colombia for its accession to the New Silk Road, China’s mega-investment and infrastructure program, with which the Asian country seeks to expand its global influence. The Office of Western Hemisphere Affairs has stated this Thursday in X that the U.S. will “strongly oppose recent projects and upcoming disbursements” by the Inter-American Development Bank (IDB) and other financial insti…