Project ID: 1247

CDB provides 70.5 million euro line of credit to Millennium bim to support small and medium-sized enterprises

Commitment amount

$ 104669680.0

Constant 2017 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Mozambique

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Concessional

Vague

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2011

Description

In October 2011, China Development Bank agreed to provide a 70.5 million euro line of credit to Millennium bim to facilitate on-lending to small and medium-sized enterprises in Mozambique. Whether and to what extent Millennium bim has drawn down on this line of credit is unknown.

Additional details

This line of credit is not marked as umbrella because it is for a specific on-lending arrangement, so there is no risk of double counting.

Number of official sources

6

Number of unofficial sources

8

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Details

Cofinanced

No

Receiving agencies [Type]

Banco Internacional de Moçambique, S.A. (Millennium BIM) [Private Sector]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No