Project ID: 32141

China Eximbank pledges loan to Rural Development Bank to support rice sector

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]

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

Recipient

Cambodia

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Other public sector debt

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-10-02

Description

On October 2, 2013, the Export-Import Bank of China signed a Memorandum of Understanding (MOU) agreement with the Rural Development Bank (RDB) to boost financing for Cambodia’s rice sector. China Eximbank's chairman, Li Ruogu, and RDB's president, Son Kunthor, signed the MOU in which China Eximbank pledged to provide loans to the RDB without the need for a government guarantee.

Additional details

A loan agreement is not recorded in any of the Rural Development Bank annual reports between 2013-2019, so this pledge does not appear to ever have materialized into a commitment.

Number of official sources

1

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Rural Development Bank (RDB) [State-owned Bank]

Loan Details

Bilateral loan

Inter-bank loan