Overview

Chinese Government reschedules loan with Antigua & Barbuda for the Multi-Purpose Cultural Centre at Perry Bay Project (Linked to Record ID#54915)

Commitment Year•2011Country of Activity•Antigua and BarbudaDirect Recipient Country of Incorporation•Antigua and BarbudaSector•Action Relating To DebtFlow Type•Debt rescheduling

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Antigua and Barbuda

Loan description

Chinese Government reschedules loan with Antigua & Barbuda for the Multi-Purpose Cultural Centre at Perry Bay Project (Linked to Record ID#54915)

Interest type•Fixed Interest RateMaturity•35 years

Narrative

Full Description

Project narrative

On July 18, 1991, the Chinese Government signed an agreement with Antigua & Barbuda to provide a $5.5 million USD loan for the Multi-Purpose Cultural Centre at Perry Bay Project (see Record ID#54915). The loan was originally due July 31, 2011 (a maturity period of 20 years); however, the repayment date was rescheduled to July 31, 2026 (a maturity period of 35 years). The repayment period of the rescheduled loan commenced on August 1, 2016.