Project ID: 12776

Chinese Government pledges $60 million loan for agricultural development

Pledged amount

$ 105805996.5

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Equatorial Guinea

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

In January 2007, Li Zhaoxing, China’s foreign minister, traveled to Africa, visiting Chad, Benin, Mozambique, the Central African Republic, Equatorial Guinea and Eritrea, none of which maintain diplomatic relations with Taiwan. During this trip, Zhaoxing signed an agreement with the Government of Equatorial Guinea in Malabo to provide a US$60 million loan for agricultural development purposes. The purpose of the loan is to improve access to develop an efficient, safe, substantial, and environmentally sound transport system in order to compete in the global market economy.

Number of official sources

1

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Equatorial Guinea [Government Agency]

Implementing agencies [Type]

Government of Equatorial Guinea [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No