CDB provides a $2 million USD loan to finance modern rice farm project in Cameroon (Linked to Project ID#59246)
Constant 2017 USD
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Agriculture, forestry, fishing (Code: 310)
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.
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
Number of unofficial sources
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]