China Eximbank provides $234.7 million USD loan to the Government of Ethiopia for unspecified purposes
Constant 2017 USD
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Unallocated/unspecified (Code: 998)
On December 30, 2010, the Government of Ethiopia signed a loan agreement with the Export-Import Bank of China for $234,766,400 USD. The loan carried the following terms: an interest rate of 3.067%, a grace period of 4 years, and maturity period of 11 years (see pg.11 of 'Public Sector Debt Statistical Bulletin - No.7'). The purpose of the loan is unknown.
This loan may have supported the Gilgel Gibe III Hydropower Project, which was supported by a 2010 loan from ICBC (see Project ID#34447). It is worth noting that the terms of this China Eximbank loan and the ICBC loan are identical: an interest rate of 3.067%, a grace period of 4 years, and maturity period of 11 years.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Ethiopia [Government Agency]