Project ID: 54638

China Development Bank provides loan for acquisition of telecommunications equipment

Summary

Funding agency [Type]

China Development Bank (CDB) [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

2014-07-22

Description

In July 2014, China Development Bank and Banco Nacional de Cuba signed a loan agreement for the purchase of telecommunications equipment. The face value and terms of the loan are unknown.

Additional details

This loan likely supported telecommunication infrastructure construction activities of Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), a government-owned telecommunications service provider for the Republic of Cuba

Number of official sources

1

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Banco Nacional de Cuba [Government Agency]

Loan Details

Bilateral loan