Project ID: 31719

CDB provides a $2 million USD loan to finance modern rice farm project in Cameroon (Linked to Project ID#59246)

Commitment amount

$ 2785453.8715924807

Adjusted commitment amount

$ 2785453.87

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Cameroon

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-03-24

Geography

Description

According to a CDB report, on March 24, 2010, CDB, Cameroon's Ministry of Agriculture, and Shaanxi Agricultural Reclamation Group Co., Ltd. (also known as Shaanxi State Farms Group) signed a tripartite framework agreement for supporting an agricultural investment project in Cameroon. CDB was to provide a $2 million USD loan to Shaanxi State Farms Group to support its endeavors in the Exemplary Modern Rice Farm Project for the Government of Cameron, which is likely the Chinese Government-funded Nanga-Eboko Agricultural Application and Technologies Centre (see linked ProjectID#59246). The loan terms are unknown. According to multiple reports, the loan has been disbursed. The status of the project is completed as of 2010.

Additional details

SAIS-CARI identifies the borrower of the loan as the Government of Cameroon in the database of Chinese loan commitments that it released in July 2020; however, AidData identifies the borrower as Shaanxi Agricultural Reclamation Group Co., Ltd./Shaanxi State Farms Group Co., LTD. because China Development Bank itself identifies it as the borrower.

Number of official sources

6

Number of total sources

12

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Shaanxi Agricultural Reclamation Group Co., Ltd. [State-owned Company]

Implementing agencies [Type]

Cameroon Ministry of Agriculture [Government Agency]

Shaanxi Agricultural Reclamation Group Co., Ltd. [State-owned Company]

Loan Details

Bilateral loan

Investment project loan