Project ID: 54558

CDB provides $30 million loan to Banco de Inversion y Comercio Exterior (BICE) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms in 2007 (Linked to Project ID#54559 and #54560)

Commitment amount

$ 53977931.486523

Adjusted commitment amount

$ 53977931.49

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Argentina

Sector

Trade policies and regulations (Code: 330)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-12-11

Description

In 2007, the China Development Bank issued a loan worth $30 million to Argentinian Bank BICE (Banco de Inversión y Comercio Exterior) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms. These funds were part of an agreement between the CDB and Argentina to provide $140 million in three tranches. The loan has a 10-year maturity.

Additional details

1. A Ministry of Commerce source in 2017 notes that between 2007 and 2015, China Development Bank provided 3 loans to BICE worth $140 million. 2. This project is linked to Project ID#54559 and Project ID#54560, which are parts of the larger $140 million agreement.

Number of official sources

3

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Bancó de Inversión y Comercio Exterior (BICE) S. A. [State-owned Bank]

Loan Details

Maturity

10 years

Bilateral loan

Inter-bank loan