Project ID: 54708

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

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Antigua and Barbuda

Sector

Action relating to debt (Code: 600)

Flow type

Debt rescheduling

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-01-01

Description

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 project #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.

Number of official sources

2

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Antigua and Barbuda [Government Agency]

Loan Details

Maturity

35 years