China's Herbal Medical University/BioMedical Engineering Center provides $28 million USD credit facility for purchase of medicines
Commitment amount
$ 55354903.91
Constant 2017 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Philippines
Sector
Health (Code: 120)
Flow type
Loan
Concessional
Vague
Category
Project lifecycle
Description
On September 2, 2004, Chairman Jiang Zemin of the Central Military Commissions met with President Arroyo of the Philippines in Zhongnanhai. The two countries signed an agreement to provide a $28 million USD credit facility from Herbal Medical University/BioMedical Engineering Center for the Philippine International Trading Corp for the purchase of medicines. The present status of this project is unknown.
Additional details
The funding agency is coded as Unspecified Chinese Government Institution because there is no detailed information of the Herbal Medical University/BioMedical Engineering Center mentioned in the source.
Number of official sources
3
Number of unofficial sources
1
Details
Cofinanced
No
Receiving agencies [Type]
Philippine International Trading Corp [State-owned Company]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No