Chinese Government provides $350 million loan for Cuban Hospitals (Linked to Project ID#36185, #71017)
Commitment amount
$ 759581672.3649522
Adjusted commitment amount
$ 759581672.36
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Cuba
Sector
Health (Code: 120)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In 2005, China Development Bank (CDB) provided a $350 million loan to the Government of Cuba for the repair and renovation of Cuban hospitals (captured via Project ID#36184). The borrowing terms of the loan are unknown. Then, on November 19, 2008, the Chinese Government provided a second tranche of $70 million for the Phase II involving repairs and reconstruction (as captured via Project #36185). In 2012, the China Development Bank provided another loan for Phase III and Phase IV of the Cuban Hospital Project (as captured via Project ID#71017). By 2014, two Chinese Government-financed hospitals had been built on the island.
Additional details
Number of official sources
0
Number of total sources
8
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cuba [Government Agency]
Implementing agencies [Type]
Cuba Ministry of Health [Government Agency]