[Umbrella] China Eximbank provides $500 million loan for 17 projects involving hospitals, water supply, transportation, and education
Commitment amount
$ 509252346.2
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]
Export-Import Bank of China [State-owned Policy Bank]
Recipient
Angola
Sector
Other multisector (Code: 430)
Flow type
Loan
Concessional
Vague
Category
Project lifecycle
Description
On 6 July 2012, China Eximbank and the Angola Ministry of Finance signed a $500 million loan agreement to finance 17 projects involving hospitals, water supply, transportation, education, and 'other fields.' The loan terms are unknown. It is unclear whether this loan was ever disbursed. The sub-projects are yet to be tracked down.
Additional details
A Chinese MOFCOM article (source #88753) says this is a single $500 million USD agreement, but a French Press Agency article (source #16144) says it was 17 separate agreements with a total value of $500 million USD. AidData relies on the former since it is an official source.
Number of official sources
2
Number of unofficial sources
2
Details
Cofinanced
No
Receiving agencies [Type]
Government of Angola [Government Agency]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No