Project ID: 34024

Chinese Government gives RMB 50 million interest-free loan to support law enforcement activities (Linked to #34159)

Commitment amount

$ 11059647.65

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Bangladesh

Sector

Government and civil society (Code: 150)

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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

On 24 April 2006, the Chinese Government signed an exchange of letters providing a 50 million RMB interest-free loan to the Government of Bangladesh. The loan intended to purchase equipment supporting Bangladesh's law enforcement apparatus; for areas such as criminal investigation, intelligence sharing, traffic management, cyber patrolling, personnel training, coastal and border security, fire service and civil defense, and in areas with shared interest such as terrorism, drug trafficking, and currency counterfeiting. The government was supposed to purchase about 2,000 vehicles such as cars, jeeps, and motorbikes for the police department through the 2006 loan. However, it seems as if these funds were never spent and the terms were renegotiated in July 2009 (see Project #34159).

Number of official sources

0

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Bangladesh [Government Agency]

Implementing agencies [Type]

Government of Bangladesh [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No