Project ID: 34766

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2004

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

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Details

Cofinanced

No

Receiving agencies [Type]

Philippine International Trading Corp [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No