Project ID: 54699

China loans 50 million RMB to Cuban Hospitals through Economic and Technical Cooperation Agreement

Commitment amount

$ 13759047.171814304

Adjusted commitment amount

$ 13759047.17

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cuba

Sector

Health (Code: 120)

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

ODA-like (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

2004-01-01

Planned start

2004-10-31

Description

In November 2004, China agreed to provide a 50 million RMB ($6.1 million) governmental loan to be used in the acquisition of expendable material for hospitals and polyclinics, parts replacement for medical equipment; resources for stomatology and optics. The Economic and Technical Cooperation agreement to provide the loan was signed by Bo Xilai of China's Ministry of Commerce and Ricardo Cabrisas Ruiz of Cuba. The loan is for 15 years including a grace period of five years without interest (Opciones).

Number of official sources

0

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Loan Details

Maturity

15 years

Interest rate

0.0%

Grace period

5 years

Grant element (OECD Grant-Equiv)

48.0918%

Bilateral loan

Interest-free loan

Investment project loan