China Eximbank pledges $400 million buyer's credit agreement with Thai Ministry of Finance
Pledged amount
$ 719705753.1536399
Adjusted pledged amount
$ 719705753.1536399
Constant 2021 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.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Thailand
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On October 22, 2007, the Thai Cabinet gave approval for the Thai Ministry of Finance to enter into a preferential export buyer's credit agreement worth $400 million with the Export-Import Bank of China. China will offer preferential buyers credits to Thailand's finance ministry as well as other institutions with no less than 50% import content from China. The loans have a 3% interest rate, five year grace period, and 15 year maturity. Though it is unclear what exactly this loan was used for, it may have been used to finance rail transportation infrastructure.
Number of official sources
3
Number of total sources
11
Details
Cofinanced
No
Direct receiving agencies [Type]
Thailand Ministry of Finance [Government Agency]
Loan Details
Maturity
15 years
Interest rate
3.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
27.1264%