Project ID: 36363

China Development Bank lends $150 million to Peru's Banco de Credito

Commitment amount

$ 184482027.2011916

Adjusted commitment amount

$ 184482027.2

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Peru

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-11-28

Geography

Description

On November 28, 2011, Banco de Crédito del Perú (BCP) and China Development Bank signed a loan agreement of $150 million payable over five years. This loan contract was signed by BCP's Central Manager of Planning and Finance, Alvaro Correa, and the representative of CDB International Cooperation, Li Jianye. The loan was expected to contribute to increasing international trade between Peru and China with a cooperation agreement aimed at channeling Chinese investments in Peru through the BCP.

Additional details

1. May be linked to Project ID#36352. This issue requires further investigation.

Number of official sources

0

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

Peru Banco de Credito [Private Sector]

Loan Details

Maturity

5 years

Bilateral loan

Inter-bank loan