China Eximbank pledges $300 million loan to Mali for two spinning mills at the COMATEX textile factory
Pledged amount
$ 354241352.50754017
Adjusted pledged amount
$ 354241352.50754017
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Mali
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
According to media reports in 2016, China Eximbank will loan Mali $300 million for two spinning mills. According to De Peches Du Mali and Maliweb, the spinning mills will create 8,000 direct jobs and more than 10,000 indirect jobs. All other project details are unknown. In the 1990s, China provided financing to COMATEX through a joint venture, in which China Overseas Engineering Group owned 80% of shares.
Additional details
Number of official sources
0
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Mali [Government Agency]
Implementing agencies [Type]
La Compagnie Malienne de Textile (COMATEX S.A.) [State-owned Company]