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
Project lifecycle
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
Details
Cofinanced
No
Direct receiving agencies [Type]
Bancó de Inversión y Comercio Exterior (BICE) S. A. [State-owned Bank]
Loan Details
Maturity
10 years