Overview

China Eximbank provides $100 million loan to Africa Finance Corporation to enhance investment capacity in 2023

Commitments (Constant USD, 2023)$100,000,000

Commitment Year•2023Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2023

Last repayment (originally scheduled): Feb 28, 2028

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

Africa Finance Corporation (AFC)

Loan description

China Eximbank provides $100 million loan to Africa Finance Corporation to enhance investment capacity in 2023

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

In March 2023, China Eximbank provided a $100 million loan to the Africa Finance Corporation. The loan had a 5 year maturity. The purpose of the loan was enhancement of investment capacity. Further details about the loan are unknown.

Staff comments

1. Africa Finance Corporation is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment.