Project ID: 35147

Chinese Government pledges to provide $300 million preferential buyer's credit loan for earthquake reconstruction activities

Pledged amount

$ 753418173.5

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]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Indonesia

Sector

Emergency response (Code: 720)

Flow type

Export Buyer's Credit

Concessional

Vague

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 year

2005

Description

On April 25, 2005, during President Hu Jintao's visit to Indonesia, the Chinese Government signed a memorandum of understanding (MOU) pledging to provide a $300 million USD preferential buyer's credit loan for infrastructure reconstruction and disaster recovery in Indonesia (p. 251). Then, on 28 July 2005 during President Susilo Bambang's visit to China, President Hu Jintao increased this amount to $400 million USD (p. 252).

Additional details

This project captures the full $400 million as a separate project does not need to be created to capture extra $100 million USD since it was still a pledge, not a commitment, when Jintao increased the loan amount.

Number of official sources

2

Number of unofficial sources

9

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Indonesia [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No