Project ID: 30555

China Eximbank provides $234.7 million loan to the Government of Ethiopia for unspecified purposes

Commitment amount

$ 326965488.89991444

Adjusted commitment amount

$ 326965488.9

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Ethiopia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-12-30

Description

On December 30, 2010, the Government of Ethiopia signed a $234,766,400 loan agreement with the Export-Import Bank of China for unspecified purposes. The loan carried the following borrowing terms: an interest rate of 3.067%, a grace period of 4 years, and maturity of 11 years.

Additional details

1. This loan may have supported the Gilgel Gibe III Hydropower Project, which was supported by a 2010 loan from ICBC (see Project ID#34447). The borrowing terms of this China Eximbank loan and the borrowing terms ICBC loan are identical: an interest rate of 3.067%, a grace period of 4 years, and maturity of 11 years. However, it is also possible that this loan supported Ethiopian Shipping Lines (see Project ID#58924). This issue warrants further investigation.

Number of official sources

3

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Ethiopia [Government Agency]

Loan Details

Maturity

11 years

Interest rate

3.067%

Grace period

4 years

Grant element (OECD Grant-Equiv)

30.4294%

Bilateral loan