China Eximbank offers Philippines a $6 billion concessional loan for infrastructure projects
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.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Unallocated/unspecified (Code: 998)
In August 2006, the Export-Import Bank of China (EXIM Bank of China) proposed to release $2 billion per year over the next three years in a series of concessional loans to the Philippines for a total of $6 billion. The loans were to be payable in 20 years with 3% interest on the dollar, and 5 years’ grace period. They were to be used mainly for infrastructure projects. In 2007, a $2 billion loan was offered by the EXIM Bank of China for infrastructure projects. According to a Manila Times report published on June 29, 2008, half of the loan has been disbursed. The status of the loan after that is unknown.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of the Philippines [Government Agency]