China Eximbank pledges $400 million buyer's credit agreement with Thai Ministry of Finance
Adjusted pledged amount
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.
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Transport and storage (Code: 210)
Level of public liability
Central government debt
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
Number of total sources
Direct receiving agencies [Type]
Thailand Ministry of Finance [Government Agency]
Grant element (OECD Grant-Equiv)