Project ID: 54636

China Eximbank provides loan for Third Stage of Cuban Telecommunications Project (Linked to Project ID #54626)

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Cuba

Sector

Communications (Code: 220)

Flow type

Loan

Level of public liability

Central government 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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-11-22

Planned start

2004-10-31

Description

In November 2004, China Eximbank agreed to extend its 2001 credit agreement of $200 million (#54626) with the Government of Cuba to fund the third stage of a telecommunications project (Cuban Encuentro). Neither the face value nor the terms of the loan are known.

Number of official sources

0

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Loan Details

Bilateral loan

Investment project loan