Overview

China Eximbank provides $257.3 million loan for unspecified purpose

Commitments (Constant USD, 2023)$594,202,152

Commitment Year•2002Country of Activity•IranDirect Recipient Country of Incorporation•IranSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2002

First repayment (originally scheduled): Oct 9, 2005

Last repayment (originally scheduled): Feb 17, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Iran

Loan description

China Eximbank provides $257.3 million loan for unspecified purpose

Grace period•3.7746 yearsGrant element•38.1233%Interest rate (t₀)•3.055%Interest type•Fixed Interest RateMaturity•14.1376 years

Narrative

Full Description

Project narrative

In 2002, a Chinese state-owned lender (most likely China Eximbank) issued a $257,388,000 loan to a government or government-guaranteed borrowing institution in Iran for an unspecified purpose. The borrowing terms of the loan included a 14.1376 year maturity, a 3.7746 year grace period, and a 3.055% interest rate.

Staff comments

1. The face value and borrowing terms of the loan are drawn data voluntarily disclosed by the Government of Iran to the World Bank through the Debtor Reporting System (DRS).