Colombia’s government has applied to join a China-based development bank.
Stay cool out there, Southeast Georgia & Northeast FloridaMajor Jacksonville airport fire at hourly parking garage puts wrench in travelers’ plansDEALS 4 JAXRead full article: Upgrade your beauty routine and kitchen essentials with these Insider DealsGive the gift of two dozen freshly picked roses for just $20Chinese President Xi Jinping, left, shakes hands with Colombia's President Gustavo Petro after delivering his opening speech for the opening ceremony of the Fourth Ministerial Meeting of the Forum of China and Community of Latin American and Caribbean States at China National Convention Center in Beijing, Tuesday, May 13, 2025.
as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties withwrapped up a visit to China this week with a stop in Shanghai, where he met with former Brazilian PresidentTo date, the New Development Bank has approved loans for 122 infrastructure projects totaling more than $40 billion in areas such as transport, sanitation and clean energy, according to Rousseff. Petro, speaking to reporters in China on Saturday, said that Colombia is committed to purchasing $512 million worth of shares in the bank. He said t hat he was especially excited by the possibility of securing the New Development Bank's support for a 120-kilometer canal, or railway, connecting Colombia's Atlantic and Pacific Ocean coastlines that he said would position the country at the “heart” of trade between South America and Asia. Colombia is the second Latin American country to try and join the bank after tiny Uruguay sought membership in 2021.is likely to raise eyebrows in Washington. The U.S. State Department this week said that it would “vigorously oppose” financing of projects linked toin Latin America following Petro's show of support for the strategy at a summit with fellow leftist leaders from Brazil and China. Petro, a former leftist guerrilla, said he wouldn't be dissuaded by U.S. pressure and reaffirmed that Colombia seeks to remain neutral in a new era of geopolitical wrangling. “We made this decision freely,” Petro told reporters from Shanghai. “With the United States we can speak face to face, with China too.” Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Read full article: Upgrade your beauty routine and kitchen essentials with these Insider DealsGive the gift of two dozen freshly picked roses for just $20
Business Gustavo Petro Dilma Rousseff Washington News Donald Trump
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Accuses US of Interfering in Its Latin America TiesThe U.S. aimed to restrict Beijing's access to resources in Chile and had pressured it to curtail space cooperation in a 'hegemonic' move, China's embassy said.
Read more »
MercadoLibre CEO says US-China trade war is a big opportunity for Latin AmericaGalperin told CNBC’s Robert Frank he believes there will be a “permanent shift” in U.S.-China trade relations.
Read more »
China presents a united front with Latin America, aiming to counter Trump's trade warChina is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American countries at an event in Beijing. President Xi Jinping said China stands ready to “join hands” with Latin countries to block confrontation and protectionism.
Read more »
China presents a united front with Latin America, aiming to counter Trump's trade warChina is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American countries at an event in Beijing.
Read more »
China presents a united front with Latin America, aiming to counter Trump's trade warChina is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war, presenting a united front with Latin American countries at an event in Beijing.
Read more »
HYBE Latin America Launches Reality Series to Find Next Latin Boy BandHYBE Latin America launches new reality series looking for male pop band, celebrity judges
Read more »