China EXIM Bank pledges USD 10 million loan for trade financing
Pledged amount
$ 22776521.218866363
Adjusted pledged amount
$ 22776521.218866363
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Azerbaijan
Sector
Trade policies and regulations (Code: 330)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On the 15 April, 2004, the Export-Import Bank of China offered to lend the International Bank of Azerbaijan up to USD 10 million for 3-4 years for trade financing. Azer News reports that a delegation of the Export-Import Bank of China was expected to come to Baku in March to discuss the proposition, but did not arrive. No further details about the status of the loan are unknown. No record of the loan could be found from either EXIM Bank of the International Bank of Azerbaijan. As such, it seems likely that the loan was never committed.
Number of official sources
0
Number of total sources
1
Details
Cofinanced
No
Direct receiving agencies [Type]
International Bank of Azerbaijan [State-owned Bank]
Loan Details
Maturity
4 years