Project ID: 35096

China Eximbank pledges $400 million buyer's credit agreement with Thai Ministry of Finance

Pledged amount

$ 624574040.5

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.

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Thailand

Sector

Transport and storage (Code: 210)

Flow type

Export Buyer's Credit

Concessional

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

Estimated.

2007

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 (see 'ชงครม.ทุ่ม1.3หมื่นล.โละหัวรถจักรเก่า' and 'China to finance Thailand's basic infrastructure development').

Number of official sources

3

Number of unofficial sources

8

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Thailand Ministry of Finance [Government Agency]

Loan type

Concessional

Maturity

15 years

Interest rate

3.0%

Grace period

5 years

Grant element

41.43627952%

Gurarantee provided

No

Insurance provided

No