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Overview

China Development Bank offers to train Ethiopian Development Bank officials

Commitment Year•2010Country of Activity•EthiopiaDirect Recipient Country of Incorporation•EthiopiaSector•Banking And Financial ServicesFlow Type•Scholarships/training in the donor country

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 7, 2010
Start (planned)
Oct 1, 2010

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Receiving agencies

State-owned Banks

  • Development Bank of Ethiopia (DBE)

Implementing agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Loan desecription

China Development Bank offers to train Ethiopian Development Bank officials

Narrative

Full Description

Project narrative

On August 7, 2010, a Chinese delegation led by Huang Ke Qian, president of Qinghai Branch of Chinese Development Bank (CDB) held discussions with officials from the Ethiopian Development Bank (EDB) on ways of cooperation in capacity building activities at financial institutions. The two sides agreed to share experience and exchange information in the area of risk management and other related areas. Tian Weijun, director of Training Department with the Chinese Development Bank (CDB), told Xinhua after the discussions that the Chinese delegates have mainly discussed the training programs the CDB intends to offer to staff of the EDB. Genene Ruga, Vice President of Corporate Service with EDB, said that they agreed that 24 or 25 staff members would be trained in October 2010. The status of the training is uncertain.