Project ID: 461

China Development Bank pledges loan for development of roads, railways, mines, energy, oil, agriculture, and manufacturing

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

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

Recipient

Democratic Republic of the Congo

Sector

Other multisector (Code: 430)

Flow type

Loan

Concessional

Vague

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2011

Description

On March 28, 2011, the China Development Bank Chairman Chen Yuan and DRC Minister of Finance Augustin Matata Ponyo signed a cooperation framework agreement (Chinese name: 规划合作框架协议). The CDB pledged to issue a loan to the DRC’s Ministry of Finance for development of roads, railways, mines, energy, oil, agriculture, and manufacturing. The current status of the project is unknown.

Number of official sources

4

Number of unofficial sources

2

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Democratic Republic of Congo [Government Agency]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No