Project ID: 330

China Eximbank pledges $48 million loan — via framework agreement — for unspecified purposes

Pledged amount

$ 94894120.99

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.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Algeria

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

2004

Description

On February 4, 2004, the Chinese Government and the Algerian Ministry of Small and Medium-Sized Enterprises and Handicraft Industry signed a preferential loan framework agreement. Under the terms of the agreement, the Chinese Government agreed in principle to allow the Government of Algeria to borrow up to $48 million on preferential terms from China Eximbank for unspecified purposes. According to the Algeria Government Official Journal, the Algerian Government ratified this agreement on August 3, 2004, corresponding to the Presidential Decree n° 04-222 (see Conventions et Accords internationaux signés par l’Algérie (1962-2015).

Number of official sources

6

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Algeria [Government Agency]

Implementing agencies [Type]

Algerian Ministry of Small and Medium-Sized Enterprises and Handicraft Industry [Government Agency]

Loan type

Concessional

Gurarantee provided

No

Insurance provided

No