Chinese Government pledges $45 million credit line to Venezuela for housing construction (linked to project #35912)
Pledged amount
$ 97660500.7326367
Adjusted pledged amount
$ 97660500.7326367
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]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Venezuela
Sector
Other social infrastructure and services (Code: 160)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On January 29, 2005, Chinese Vice President Zeng Qinghong signed a memorandum of understanding for the provision of a USD 45 million credit line to Venezuela. The funds were to be used on housing construction projects in Venezuela, and this project is a part of Venzuelan President Chavez’s program to reduce poverty in Venezuela. The credit line is part of a collection of 19 cooperation agreements between China and Venezuela that was signed on January 29, 2005. Details of the loan and the project's current status are uncertain.
Additional details
Number of official sources
1
Number of total sources
6
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Venezuela [Government Agency]