Overview

China Eximbank pledges $30 million USD export buyer’s credit for Phase 1 of Mobile Phone Network Project

Commitments (Constant USD, 2023)$56,295,483

Commitment Year•2006Country of Activity•Cote d'IvoireDirect Recipient Country of Incorporation•Cote d'IvoireSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2006

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

Government Agencies

Government of Côte d'Ivoire (Ivory Coast)

Implementing agencies

State-owned companies

ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)

Insurance providers

State-owned companies

China Export & Credit Insurance Corporation (Sinosure)

Loan desecription

China Eximbank pledges $30 million USD export buyer’s credit for Phase 1 of Mobile Phone Network Project

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

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.