Narrative
Full Description
Project narrative
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 Record 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 Record ID#36185). In 2012, the China Development Bank provided another loan for Phase III and Phase IV of the Cuban Hospital Project (as captured via Record ID#71017). By 2014, two Chinese Government-financed hospitals had been built on the island.