China Eximbank pledges $30 million USD export buyer’s credit for Phase 1 of Mobile Phone Network Project
Pledged amount
$ 60958472.5577011
Adjusted pledged amount
$ 60958472.5577011
Constant 2021 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.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Cote d'Ivoire
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In August 2006, ZTE Corporation signed a $30 million USD contract with a domestic telecom operator in Cote D'Ivoire for Phase 1 of the Mobile Phone Network Project. That same year, China Eximbank reportedly pledged to provide a $30 million USD export credit loan to finance this commercial contract. China Export & Credit Insurance Corporation (Sinosure) provided insurance on this loan. It is unclear whether these funds were ever disbursed. This project involved the creation of a mobile phone network in Abidjan and some adjacent areas. It is unclear whether implementation ever began.
Additional details
In the database of Chinese loan commitments that it released in July 2020, SAIS-CARI does not record a loan commitment for this project. Because there is no evidence of China Eximbank ever signing a final financing agreement, the status is coded as pledge.
Number of official sources
4
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Côte d'Ivoire (Ivory Coast) [Government Agency]
Implementing agencies [Type]
ZTE Corporation [State-owned Company]
Insurance provider [Type]
China Export & Credit Insurance Corporation (Sinosure) [State-owned Company]