Chinese government pledges 65.4m concessional loan to implement Agriculture Development Plan
Pledged amount
$ 132889470.17578842
Adjusted pledged amount
$ 132889470.17578842
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
Papua New Guinea
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2006, a $US 65.4 million concessional loan from China to the Government of Papua New Guinea, to develop and implement the National Agriculture Development Plan and drawn down in 2007 and repaid over a 15–20 year period, reached a concept project proposal document stage. PNG government documents from 2006 list a potential for donor involvement through technical assistance. However, PNG Government documents from 2011 only list World Bank funding. Later PNG government documents from 2013 also do not list China as a donor for this project.
Number of official sources
3
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Papua New Guinea [Government Agency]
Loan Details
Maturity
15 years