Project ID: 31654

Chinese Government pledges $26,357,891 loan for provision of 500 tractors

Pledged amount

$ 31857020.97

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.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Democratic Republic of the Congo

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2010

Description

According to the Aid Management Platform (AMP) of the Government of the Democratic Republic of Congo, the Chinese Government pledged in 2010 to provide $26,357,891.00 to the DRC to facilitate its acquisition of 500 tractors for the DRC. The Center for International Forestry Research reported that this pledge was in the form of a loan. Details of the terms of the loan are unknown.

Number of official sources

2

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Democratic Republic of Congo [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No