Overview

China Eximbank provides $300 million credit facility to TDB for on-lending purposes in 2022

Commitments (Constant USD, 2023)$283,475,739

Commitment Year•2022Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2022

Last repayment (originally scheduled): Aug 31, 2025

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

Intergovernmental Organizations

Eastern and Southern African Trade and Development Bank (TDB)

Implementing agencies

Intergovernmental Organizations

Eastern and Southern African Trade and Development Bank (TDB)

Loan description

China Eximbank provides $300 million credit facility to TDB for on-lending purposes in 2022

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In September 2022, China Eximbank and Eastern and Southern African Trade and Development Bank (TDB) signed a $300 million credit facility agreement for on-lending purposes. The loan carries a 3-year maturity (final maturity: September 2025), but its other borrowing terms are unknown.

Staff comments

1. This China Eximbank borrowing was not included in the Chinese Loans to Africa (CLA) Database — that is maintained by Boston University's Global Development Policy Center — as of September 2024.