Chinese Government pledges $51 million loan to Zimbabwe’s Grain Marketing Board (GMB) for logistics fleet and ICT infrastructure
Adjusted pledged amount
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.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Agriculture, forestry, fishing (Code: 310)
Level of public liability
Other public sector debt
In December 2012, the Zimbabwean Grain Marketing Board (GMB) expected a $51 million USD loan facility from the Chinese government. The GMB had requested the loan in February 2012. The funding is targeted at silo rehabilitation which will cost $31 million USD; $13 million USD will be channeled towards establishing a logistics fleet; and $7 million USD will go towards development of ICT infrastructure. This loan facility does not appear to have ever materialized.
Number of official sources
Number of total sources
Direct receiving agencies [Type]
Zimbabwe Grain Marketing Board (GMB) [State-owned Company]